PINL:VLTAF - Post by User
Comment by
goldpigon Feb 14, 2012 3:53pm
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Post# 19533497
RE: RE: RE: Right at the Surface
RE: RE: RE: Right at the Surface A superb deposit just got a lot bigger and richer and the trend is still upwards to perhaps 10 million oz.
rock has made another call on Monument mining ( MMY ) which should easily double this year.
Very low cost producer at less than $300 per oz, and production is in the process of doubling to 80,000 oz per year.
Great balance sheet with no debt and upwards of $100 million in cash and just about to close a premium acquisition of Mengapur which will provide immediate cash flows from the iron rich overburden currently being mined and quickly developable deposit of copper, gold, silver and phospahte.