GREY:GBRIF - Post by User
Comment by
longtoothon Mar 31, 2012 1:11pm
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Post# 19743307
RE: Claude's Q4
RE: Claude's Q4 true that the cost per ounce is lower but the grade is higher,
in my opinion a better comparison is cost per tonne as rock is what you are really mining and the gold is just extracted. I think if you did that comparison you may see Claude's cost per tonne significantly lower. That is not a bad thing as it then would tell you there is room for improvement at the operations and therefore a opportunity to make higher profits.
Claude has added expenses as well like flying in most items and having to have large inventories as they truck most big items in on an ice road. GB has operations right of the main northern highway.
Again, an opportunity to improve.