RE:RE:RE:RE:RE:$0.25 Bottom? Gold down $20; Horrible TMM ReleaseManagement probably could make a go off san fran at current gold but it could cost them the bigger prize at ANA if they spend all their cash flow finding more margin grade gold at san fran. Seems like they prefer to cherry pick the pit with limited deferred stripping and then leach all their extra stock piled ore into 2017 so they can fund ana feasibility study and permiting .
I think another miner with bigger operations and volume discounts would be better suited to mine san fran that had better cost structure and they can expand the operations while driving down costs. They probably could see the advantage for limited underground as well. I think Tmm just put a for sale sign on the door after marking everything down on clearance as one of their options. I think their other option is to partner with GG on the ANA pit so they dont have to fund it. If they get that going they can possibly fund Cab with the cash flow or partner again if gold prices hold out.