GREY:GBRIF - Post by User
Post by
longtoothon Sep 07, 2011 3:52pm
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Post# 19019363
this company reports $700 plus
this company reports $700 pluscost per ounce LOL. right. if this is not managed accounting I don't know what is. obviously they do not include development costs, capital costs, management costs and exploration costs. what a pile of nonsense.
and the share price is still only 37 cents while the price of gold has more than doubled over the last while. And to top it all off they report a several million dollar loss in the same press release they report a $700 plus cost per ounce for production. a 5 year old can see the scam in this. I am surprised the CFO doesn't lose his licence.