TSXV:BLOK.H - Post by User
Comment by
DetVicMackeyon Aug 31, 2011 1:27am
294 Views
Post# 18996604
RE: Belvedere Reports Financial and Operating Resu
RE: Belvedere Reports Financial and Operating ResuNothing more frustrating than being dead wrong and taking a loss which is what I have done with BEL. Things were looking promising last year with production ramping up, nickel going up, gold being found, and profitability on the rise. However, the price of nickel dropped hard while grades fell below the mine plan which affected bottom line income. Kopsa development was delayed which means gold pours won't be happening in late 2012, but rather in 2013 at the earliest. With precious metals advancing higher, there are other mining stocks offering better valuations now going forward.