GREY:AVGCF - Post by User
Post by
art27on Jun 17, 2010 10:43am
438 Views
Post# 17197646
Looks like we are slowly moving up
Looks like we are slowly moving upSlowly but surely to .60
No wonder, POG is almost $1250
Even with cash cost of $650 (projected for this year) we make around $600 profit for each oz
You don't want to wait and miss the boat now at .50s when we hit over 100k oz production next year with cash cost around $500 and POG $1500+ ?
Have a look at SMF hitting $8.35. ($2.1 billion market cap)
Now think: Is AVR really worth only 50 cents ($230mil market cap) with 3.6mil oz of gold reserves, 75k annual production projected at 150k oz in 2011 and 200k by 2012 ?