GREY:ELGMF - Post by User
Post by
professon Mar 04, 2014 5:29am
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Post# 22276140
A Conservative Forecast
A Conservative ForecastElgin is a new & improved company focused on increasing shareholder value. Given the cost saving and enhanced mining operations they will easily exceed their 44 - 49 thousand oz gold production forecast for this year. The record production mark set last Qtr at over 13,000 oz's will be the minimum going forward which puts them over 52,000 for this year. Can't help but look at all the positives stated through-out the news release - evidence that Elgin is on a track of continuous improvement and supports their claim of providing conservative production / cost forecast.
From a shareholder perspective Elgin is doing all the right things and I'm looking forward to a steadily rising share price from here. The price of Gold is showing strength again and that would be a perfect storm scenario for Elgin.