RE:just looked into that big mine
Welcome to the fold. Most of us have been here for a long long time. My average cost puts me over a 100% gain on the stock and I still buy more. Clive is an old man and turned into a bit of a softy but that won't change the dynamics one bit. There's really no debt left that can't be paid off in a year. That however, may not be the best use of capitol, since you end up paying more taxes.. whatever. BTO will see more than $600 million of FCF a year and that's just the start. Having that much cash flow is a problem, what do you do with it. Money is paper and it's purchasing power depreciates, quickly. We used to see inflation, today not so much but then house prices where I live are through the roof. So much so that I would never buy. BTO can stockpile concentrate, a mountain of gold.
Ha Ha. And that's why I hold it.
A question for Clive, since nobody asked it at the conference call, why didn't you do a NCIB?