GREY:CLGRF - Post by User
Comment by
Bottleson Jan 21, 2013 10:37am
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Post# 20866132
RE: RE: CRJ - News Out
RE: RE: CRJ - News Out
"Bad press release.
If they didn't add the cash cost per ounce then I get the impression that they are trying to hide this information. It must be negative and the market will not be fooled.
I am disappointed."
Bear in mind that this particular release is 2013 guidance and Q4 preliminary production numbers. Find me ANY COMPANY that pre-releases cash costs. To find those out, one must wait to until official numbers for Q4 are reported and that will be the end of March. As for cash costs, CRJ has indicated 10% on average higher costs than 2011. As for me, I would take the worst cash cost numbers of Q1 and Q2 and average those together to arrive at a high end of what can be expected. With an average of 5.94 gpt and continued work on Seabee in Q4, my best guess is that cash costs will be higher than they were in Q3 (or at best the same).