OTCQX:NTGSF - Post by User
Comment by
WatsonLakeMineron Feb 04, 2019 7:25pm
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Post# 29317944
RE:RE:RE:Wallbridge follows GPY's lead
RE:RE:RE:Wallbridge follows GPY's leadgoodtoreadthis wrote: I can't believe that Newmont CEO said -our purchase of GG does not mean we think gold is going higher in price. GG was going gangbusters on everything but share price and I will vote against this deal. That deal tells GPY they will not get a real value buy out price so best mine it themselves. Janet S said we produce at like $440 per oz, so this is a quite profitable slow growth option for GPY.
I don't know about others but I like non-standard business development plans. The hard part is done - they found the gold. Now creative business decisions could really drive this company to higher values.
Going forward the amount of surface ore available by blasting and loading with a hoe will diminish. Production cost will rise dramaticaly.