American Bonanza Gold Corp ABGFF

Goldman Sachs

[Z06]

Their killing us.

[herry]

so is the management there a joke just like the shareprice, just add one more to the pile Z06.herry

[sadone]

They are a start-up mine that is currently not hitting the grade they had in their business plan, this quarter.

[Leafs007]

I like your picture. So the company went from 0.27 oz/t to 0.12 oz/t, that is still A LOT better than many producing companies.  4 g/t is nothing to sneeze at.  I know of a producing company trading in the 2.50 range whose avage gradeis less than 1 g/t.  Not to mention the very low cash cost.  I know of only a handful of companyies who have lower cash cost.

[Combo9]

What troubled me was that their NI 43-101 estimated cash costs were $415/oz based on average grades of 10.3 g/t (0.33 oz/t) in the measured and indicated categories. This latest update suggested the average grades for the 3 months ending June were 3.7g/t (0.12 oz/t).  If they need to extract and process 2.8x more ore to obtain one ounce, then cash costs will generally be 2.8x higher also at

[mylar1]

What troubles me is that you are still posting here two days after you supposedly sold if you ever held any shares in the first place!! The other thing that troubles me is what part of "average" don't you understand? Are you suggesting that the time frame for "average" is 3 months? Another troubling aspect here is that you only started posting on BZA on Sept 10!!!!!!  

[Combo9]

mylar, I still see it as a potentially good investment but not at these prices.  As I explained, the difference between 0.27 oz/t (cash costs of $415/oz) and 0.12 oz/t (cash costs of $1155/oz) is $740 less profit per oz.  That's almost $2m less profit for those 3 months than expected, which translated into a increase in equity issuance needed by the same amount, which means more

[hassy]

what is the right price for you? 20% lower than whatever it is trading? that's called gambling not investing. we are not even at commercial production yet thus the need to finance to at least get to that part. Until then go play with herry and try to figure out what the right price is in your toy box.

[Combo9]

Bring up the 5 year chart, take a guess.

[hassy]

I dont need to guess. I am fully aware of the 5 yr price. do you invest based on 5 year chart? wow. good luck. hope you know the difference between an exploration company and producer.