OTCQX:BGMZF - Post by User
Post by
yaponskion Jan 27, 2014 12:26pm
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Post# 22138220
Price of In Situ Gold in Open (no permit problem) Mining Reg
Price of In Situ Gold in Open (no permit problem) Mining RegI see that Allied Nevada sold its Hasbrouck Property to West Kirkland Mining for $30M US. The property has 1.16M Oz Au and 29M Oz Ag in situ which means at recent prices, the sale works out to roughly $18 per ounce of AuEQ. Not bad given that ANV is trading at roughly $9 per ounce of AuEq.
And ANV makes a profit on its production most quarters.... a really cheap deal IMO IF the POG were rising. Today, the dark side, aka gold bears, are starting to stir again. All the weekend dreams of big gold price jumps are just that, weekend dreams, unconnected to what is called the gold market.