RE:RE:19% I read people think this is going to ZERO?!? Really.
Fire Creek is in the top 3 highest grade mines in North America along with Maccassa at KL and Newmont's midwestern mine. Fire Creek also ahead of mine plan confirmed in Q2 call and now in Q3 call.
Midas performing decently w/ good exploration potential.
Hollister recovery rates need to get back above 80 %. Doable.
TN needs to perform OR just shut it down and focus on 3 Nevada assets.
This thing is NOT going to zero. You can be on that. You can also bet any major would swoop in and pick this up in a HOSTILE takeover and not give a SH*T about Huet & co. if the SP remains at this level or goes down further.
All shareholders at this point would support a decent hostile takeover.
Also TOP TIER mining jurisdictions = 0 political risk. This is not going to zero and such statements are completely insane from a finance viewpoint.
Even $ 2.00 USD will never happen with spot gold at this price AND NEWS IN THE PIPELINE. I am not a "bull" I am a realist to the potential once ramp up is complete in a few months. This could become a double by springtime if they execute, again the emphasis on the latter.
JIN
JintsuGehan wrote: See my next comment I just wrote. Yes it's high I agree...but they associate it to Hollister. I don't know who they new VP Antwi was on the call. Never heard of him before. That was a dumb hire. Hire someone new at big salary once the co. is running all cylinders at the 4 mines. That hire could have been avoided! They should have classified their expenses differently if truly due to "growth"..not classified as G&A that also made market very suspicious. Put that under operating expenses if to ramp-up Hollister/TN. JIN
diceroll777 wrote: How do you justify upping adm expense by 19% when you lost 8 cents per share? You don’t need more until you get the gold from the ground!