Post by
awacs1 on Feb 06, 2017 6:58pm
On Balance
Great NR but has a caution embeded. The grade is going down so monthly production will probably drop to about 700 oz and as indicated cost will rise, but even so the net cash flow should be in the order of $650K/mos for the next months, with about $27.5 Million on the pad and current WC, there is no risk of a PP on the horizon.
On a positive note, I expect upbeat news conf tomorrow and they promise some drill result from a potential high grade area by end month. Solid but not spectacular. The wild card could be from the holdings in Commonwealth AZ holdings..getting closer to a decision!
Comment by
billybob22 on Feb 07, 2017 7:38am
thanks for your input Im going to hang on until I see the tide change.