RE:RE:RE:New 52 wk low @ 0,75Except extending the estimated mine life with an updated reserve statement....
When is the last time their total reserve statement was updated ? Over 1 year ago !
Do the math...
reserves as of november 2017 at 55 and Bagassi south were approx 832K oz
depletion estimated in 2018 - 120K+
remaingin reserves approx 810K oz
So in the short terme they will be in the 150K oz production range - see this as a good news if they don't add reseves ? 5+ years before their reserves are gone, think that's good news for investors ?
No wonder the stock is dipping further.
Wake up and relaese an update reserve statement !