GREY:RDTMF - Post by User
Post by
traxbywebon Nov 26, 2013 10:02am
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Post# 21941674
Very quiet board considering 3q financials out
Very quiet board considering 3q financials out
Cash costs came in at 1.75 right on target for what I was expecting. With October production at 602 tons, if we can substain that will be about 12% more copper produced this quarter which should bring down cash costs a bit more, may be even sub 1.70. 15 million pounds annually at $1.50 a pound approx profit nets the company 25 million or 25 cents per share approx. These #'s are my guesses only for going forward. Should be able to put some serious dents into the high interest loans and make this company more valuable. As well pay off gov't back taxes, should be done very soon i would expect.. Going forward need to get gov't back taxes paid, get loans back into good standing and give us some news on what they plan to do with the gold properties, need to get a second revenue stream coming in. Would prefer to pay they pay for gold activity out of incoming revenue, NO MORE DILUTION PLEASE!