RE: RE: RE: Shooting from the hip From the april presentation
cash costs 850
target costs 1050-1100
ounces 120K +
estimate based csh flow on production is 93M
so extrapolating ... subtract 12 million for each hundred under 1650
which so far this year cash flow is 69M
The last report said everything is on schedule
Why is stock plummeting ?
Answer: every other stock in sector is plummeting.
Unless one of you has concrete information, there is relatively little if any bad news with this stock except the powers will try to push the price of gold down to 1200s but that will be a temporary phenomenon.
lack of share ownership by management is one thing i did hate about this stock but that has been a moot issue for a while.
there is debt but as long as they can pay that off with less cash flow at 1300s gold price, i don't see any problems
Just keep buying and you will be rewarded