GREY:CLGRF - Post by User
Comment by
gogon Apr 02, 2013 10:02am
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Post# 21197575
RE: Sugar Plum Anyone?
RE: Sugar Plum Anyone? Even producing 100,000 per year at the grades it has, MAdsen would be unwise to put back into production. Were best to wait out the financing storm thats killing the market, let 800+ juniors go belly up and then we'll be very attractive for investment. Madsen needs larger exploration which would kill our treasury right now and it's very difficult to mine from a grade control perspective. Focus on Seabee, high grade the heck out of it while switching over to Amisk or Madsen and continue to do the same but with lower costs, back to $2 then. Right now the workforce is not hungry nor loyal enough to go beyond Seabee, just hiring anyone is not a great way to run a business.