Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.

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Core Gold

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Comment by mtsuiton Jun 21, 2013 9:54am

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Post# 21554307

RE: RE: RE: RE: They will make it

I think amarksp has done a nice job on the costs.

Look at very simply, the company is already paying the full costs of mining and milling 400-500 tpd. If the company is finally accessing higher grade ore, then gold revenues are increasing with minimal rise in cost.

If/when the company is able to double its production rate, fixed costs will increase by a much smaller amount because it will not be doubling all labor, machines, electricity etc...

So everything comes back to grade and tonnes.

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