GREY:RDTMF - Post by User
Post by
traxbywebon Jul 22, 2014 12:53pm
141 Views
Post# 22770191
A little over a week to go
A little over a week to goWell hopefully management will have financials in order by end of month. Copper prices staying around 3.15-3.20 is good for profit. About 9 months of processing in the books since our last good report on financials, will be interesting to see how this company has been doing. Costs still around 1.70 a pound? Thats about US$1.50 net on about 12 million pounds of copper. Nice piece of change for a company with a MC of about 15 million. Hopefully news will show a big dent put into debt and some solid news on getting gold production on stream. I would expect this time next year debt almost gone if not gone and company making about 18 cents a share. In for the long term unless things change drastically but according to there bi-weekly updates there is no other material changes. Looking for 30 cents plus July 2015 and only up from there. Its up to management to ensure this is a solid company. Time will tell what kind of management we have.