Post by
JRaffles on Apr 12, 2017 9:31am
Forsterville to be KL top ounce producer in Q2?
Fosterville's 39% increase in ounces produced from 15% less ore!
It seems that the pheonix area grade could result in in KL ounces approaching 600k in 2017.
The board is also going to be put on enquiry as to what to do with the cash mountain building in its treasury.
tiny Aurico holds the 2% NSR on forsterville output - if the gold production increases expotentially at Forsterville a buyout of Aurico at the cost of a few weeks cash flow may be a sound investment.
Unless suitable alternative mining investments appear on the horizon, then could they follow the former Goldcorp chief McEwen's policy of holding mined gold unsold. This would at least defer the tax bill until a sale is made.
Comment by
Markcalgary on Apr 12, 2017 11:45am
A dividend to the shareholders would be nice......it would also elevate the stock a level or two in ratings etc....couldn't be bad for the share price.