RE:What Could Possibly Go Wrong?!
Mack100 wrote: OK so we now have the potentially bad news out of Mali that is behind us, and the actual bad news about Goose cost overuns that has just come out, and the share price is holding up. So with no more potentially bad news on the horizon, and with all the nervous "throw in the towel" types now gone, that means this thing is just going to keep going up and up, right? Well, of course the price of gold could piummet just to keep us from actually making any money on this, but that seems unlikely!! I am actually beginning to see a little green in one or two of my accounts - I was beginning to think that day would never come. And on Friday the 13th no less!
Huh? The detailing and updating of the increase in costs for Goose isn't "news". That was so last spring's news. Meanwhile, gold has rallied $300 usd per ounce since the cost increase announced in May. Goose will produce 310,000 ounces PLUS per year. So that's about $125 Million increase in profit, cash flow PER YEAR. The NET from ONLY Goose is MUCH less than advertised by shorty and friends. Now add the $300 an ounce on the current production, and WOWZIE ! That's 800,000 PLUS ounces @$300 USD = $240 Million USD , $325 Cdn Million
additional profit and cash flow. WOWIE, ZOWIE poor shorty is in the Dumps!
Project Construction and Development on Track for First Gold Production in Q2 2025