Geologix Explorations Inc GIXEF

RE:RE:RE:RE:RE:RE:RE:There goes my investment?

[peterot]

Not sure what you are talking about. You should take a look at their Metal Price Sensitivity Analysis. This project would likely turn a small profit or worse case break even in this market. AISC are sensitive to metal prices but because of the very low cost of production they are able to with stand the bear phases. During bull phases this project is a cash machine. I am not saying this project is going to be brought into production in the near term. Somebody will buy it and hold it for the next upswing and it will then become a top project. Also, I believe the company is even working on a study that could see this project work on a higher-grade small scale with even better economics. Maybe you forgot who management is composed of. These guys are deal makers with deep pockets and all of them believe in the project. The only decision they are wrestling with is when and who to merge with and how long to hold out before flipping the project. Smart people in the industry are focused on being prepared for the next bull run by trimming lousy projects and picking up the projects of the future. They are not focused on todays unsustainable metal prices.