RE: Wheres Breiger now? Yes, this stock could trade lower as difficult as that may seem. I think the entire market for miners is challenging. Production missed but I thought that 60k was a bit ambitious, but they are cash flow positive with good exploration upside at Pinon and Mineral Ridge.
If they show that mineral ridge has 500k of open pittable ounces and demonstrate that Pinon is a shallow open pit oxide deposit with a similar amount of ounces as stated in their presentation, this is a good company.
Look at what happened with a Gold mine in Greece today, or a platinum mine in South Africa, or the latest developments out of Columbia and Mexico regarding the drug cartels looking at mining operations as a way to extohrt money. Or Argentina which is proving itself to be unworthy for foreign investment.
The political stability offered by North American miners should not be understated and in the long run , there will be a significant premium associated with these producers.