OTCPK:MEAOD - Post by User
Comment by
gahdcon Apr 02, 2015 7:10pm
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Post# 23593722
RE:RE:Cost of production.
RE:RE:Cost of production.Sustaining costs ending Sept 30 Quarter were $1,133; Gold production of 11,598 ounces (3,866 ounces per month); This is the quarter BEFORE the mine collapse, your numbers are for quarter ending December 31 and INCLUDE the mine collapse. My original post was assuming costs recovering after cleaning up from the collapse. So even $1,133 minus the $125 is $1,008 (and the Sept quarter production was less than 4000 per month) and that put's all in cost below what gold has been at for all of this year so far, so I think it's still very likely they can make money assuming they recover back to at least the September 30 quarter production level.