RE:I've got a feeling we are headed toward 8 g/TI completely agree...
The grades have not lived up to the multi year hype, but the debt and stream is there and will turn 8gt at $1100 AISC into a death spiral.
Joe O is inept - except when it comes to lining his and his management pals pockets
with shareholder ( and creditor ) money. The new owners ( the creditors ) will eventually get their money back and then make a profit , but it will take time and their own magic sales pitch spin on it. To all current shareholders you get nothing... Joe & Co. took it and will keep taking
as long as you continue to buy into their BS.
goldminer01 wrote: in the steady state. This is fast becoming just an ordinary operation. The debt and streamer overhang will be a "bottom line" killer. Dr. Q very quiet (he served his purpose and solid out his reputation), only the lawyer is talking.