RE:RE:Well boys, what will the market do with these results.BASTILLEDAY4U wrote: This is stupid cheap for company that produces gold, silver and copper, minimum 10 years at Rainy River, got some this mourning at $3.90.
Not when the company has $2B of debt on its balance sheet, 578M O/S, and its major producing mine is forecast to have AISC of over $900 in 2018.
Rainy River is looking like a flop at the moment. Given the amount of capital that went into it, those AISC need to be lower to make it a sound investment. Obviously since it's almost complete they'll enjoy lots of free cash flow over the next 10 years, but again, relative to the capital (mostly debt financed) to build it, will it be enough to make it worthwhile?