RE:RE:RE:$2 Million Dollar Exploration Program at Las Tojas2fast4uI,
You Orvana bashers need to try harder. I was expecting to add another 100,000 shares of ORV at 10 cents, and you have totally failed at pushing this stock down by even one penny! Have you lost your touch? Or....
Are you too busy going long on the dead cat bounce on ALO?
Alio Gold is such a wonderful stock. They only need to mine 497 metric tons of rock to produce one ounce of gold. Q4 cash costs were only $2.11 per tonne which translates into a cash cost of $1049 USD per ounce of gold. This quarter they did better. Only 489.06 metric tons of rock to produce an ounce of gold which for a production of 17,624 ounces works out to a cash cost of $1031 USD per ounce.
Of course the financials are about as cooked as you can get, because they count ounce of gold placed on their leach pad as inventory, and they took a strip factor of 3.55, and reported it as 2.1 by including ROM ore. And head grades were wonderful! 0.42 g/t for their high grade ore and 0.17 g/t for their ROM material.
Why aren't you lambasting the CEO of ALO? IMHO, the stock is setting up for another losing quarter as their gold recovery on the heap leach is only 60 percent.
Compare that with El Valle where it only took 12.88 metric tons of rock mined to produce an ounce of gold at a head grade of 2.69 g/t. Last year in the comparable quarter, it took 13.62 metric tons of rock to produce an ounce of gold.
And El Valle has the ability to transition to higher grade ore, which is an option that very low grade heap leach operations don't have. And with oil going to $75 USD per barrel, who is going to be hit harder by rising energy prices? The high grade underground mining operation where you only need to mine 10 tons of rock to produce an ounce of gold or a heap leach mine where you need large gas guzzling earth movers to move 500 tons of dirt to produce an ounce of gold?