RE: RE: RE: Why isn't these Gold producers into neThat is correct. They are in control of their operations and they are not pressured in any way by financiers. They simply work day by day towards their business plan not worrying about the fickle market.
SMF produces 250,000 oz now and adds another 100k with the underground and then another 200k with a second plant. All of a sudden you are over 500k ozs with only 275K shares. The cash in the bank right now will be enough to fund the next two projects. That doesn't even include the cash from operations that will be added over the next 18 months. That in itself should be 150-180 million
Fast forward to 2013-2014 and you will have the same company with double the earnings per share. A few more positive results and the takeover premium should get added back as well.
Record gold prices and profitable golds are not moving. This tells you the automated traders are controlling things now. Retailers drive it up and the automated traders drive it back the next day. Great Basin Gold is another good example of this kind of trading.
Wes