GREY:MPRXF - Post by User
Post by
deadlockon Jun 23, 2012 5:22pm
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Post# 20048009
MGP Updated. Valuations down to $34/Oz
MGP Updated. Valuations down to $34/Oz
We have published our updated junior gold comparison tables for the month of June.
Average valuations have now collapsed to $34 per ounce. A couple months ago we saw Iamgold pay over $100/oz for Trelawney's and last week Yamana paid over $200/oz for Extorre. My article this weekend discusses the issue of high operating and capital costs which are having a profound negative affect on these junior valuations.
The link for the complete article and comparison tables is shown below. It will also
be on the Stockhouse home page over the weekend.
Danny Deadlock
for Stockhouse Ticker Trax