Cheapest producerThis has to be the cheapest stock producing gold on the market.
Market cap aorund the 6 million mark.
potential to produce 40,000 ounces per year or roughly 40 million in revenue
cash costs around the 450 mark so half the revenue to costs.
Leaves the stock with potentially 30 cents per share of cash flow.
Running at half speed could generate cash flow in excess of the current share price.
Hopefully cash costs could come down with the energy markets and revenues can go up with the price of gold.
Downside is minimal upside HUGE!