RE:RE:RE:RE:POG $1477halcro wrote:
YP, you are so negative!!
In the first quarter of Fiscal 2014 (alas, also in the 2nd, 3rd and 4th quarter of Fiscal 2014), BGM produced under 28 ounces of gold...at a price of $1,575 (U.S.) (@ 1.0265, that's $1,617 Canadian).
Well Halcro, call it negative if you want, but your claiming a cost per ounce $1,575 is just not supported in the financials.
Consider Nov/13 financials.
- 9mth, top line revenue: 36,788
- 9mth, bottom line net: -16,780,591
Now, I will be generours man and assume 30 oz were produced which means the per oz cost was north of $500,000 USD per ounce.
I believe your $1,575 per ounce cost estimate is just your good nature showing through and you are giving BGM every benefit of the doubt. Still, I find such optimism boarding on pumping. Yes, Halcro is looking a wee bit like a pumper these days.
Well, there you have have. Estimated cost per ounce production is between $1,575 and $500,000 per ounce. But no matter everyone, the word from the BBoS is that the losses per ounce produced will be made up by increasing the volume :)