Highest Close in Nearly 2 YearsIt looks as though investors are beginning to find Soma and like their fundamentals. Nothing says buy like strong cash flow and produciton growth profile when your product has risen $320 per ounce in two months.
I thought I found another high value Gold miner like Soma. My tail started to wag as I began due dilligence of Elevation Gold Mining. My tail quickly went firmly between my legs when I found out their AISC is over $2000/ounce. Why would anyone produce Gold with costs that high? Essentially, you lose money for every ounce you mine.