GREY:ADEXF - Post by User
Comment by
VENManon Mar 18, 2013 10:40am
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Post# 21145132
RE: RE: ADV did it!
RE: RE: ADV did it! I just wanted to put it out there that costs coming in originally at $49 per tonne in our FS seemed low to me. I am not an expert in the mining field by any means but ADV had cost at $42. It seemed reasonable to me that anything under $50 would be very good. I understand that AXI has to do all it can to get cost as low as possible like every other company in whatever product or service they provide. The thing is that $49 cost was never to high a number in the first place. Of course you can drill more holes and warrant a longer mine life, if that makes the market happy go for it. Its just that the initial cost was never high to start with. For me, In bearish markets its always more difficult to spot opportunities. Look at ADV the market should be trading that stock much higher with recent good news but last i checked it was down.