RE:RE:RE:4.5 cents is one big joke
4.5 cents might be a big joke but .....
Earlier this year there I had the impression that on a updated NI 43-101 by year end
was coming but the latest news releases states resource estimates are INTERNAL !!!!!
In an June 11 press release ANX said "On May 25th, the Company began drilling at Deer Cove and expects to finish by early July, with assay results coming a few weeks thereafter." As of today "NOTHING". What good mining company don't pump up their drilling results with some sort of news release unless ..... . Their silence is not good on this.
In the last few years ANX has been talking about blending higher grades of gold from Romeo & Juliett and others with the Pine Cove grade. In August 2014 ANX grade was down 0.14 gm/tonne from the prevoius year. How many years will it take to truck this higher grade a few miles down the road !!!!!
In August - Pine Cove cost was $1131 per oz but Overall Company cost was $1457 - +++ $326 per oz. Based on 4000 oz = 1.3 million per quarter.Alot of money to pay bills / salaries / rent / consulant fees - nothing for share holders. Who benefits !!!!!
We need some good news very soon.