RE:RE:RE:Wow...this can’t be good! Get out while you can.Malton,
Again you pull numbers and wild statements out of thin air and provide no facts.
Did you not see a Preliminary Economic Assessment last year which showed an AISC of US$882 per Oz with an AIC of US$1100. That means on a US$1800 gold price with a full US$700 per Oz margin on 500,000oz of payable gold they would generate US$350M of FCF.
The maiden Feasibility Study is expected to be better than the PEA.
Great Bear Resources which also is a non-producer in the Red Lake Camp saw it's share price decline from $15.92 to $14.39 yesterday. If my math is correct that was a 9.5% decline. Are there underlying problems there.
You'll notcie that my response to all you posts are based on real data points and not bitterness and hatred for this Company which is clearly clouding your judgement. I think you are basing your thinking on what happened with the "old management" which was a "gong show."
Manic Miner "Digger Deeper and uncovering the FACTS"