Post by
eduardo12 on Sep 10, 2013 12:36am
Q2
Q2 results is exactly why I am against any consolidation right now. As I have said time and time again - They have to show and prove. Quarter was at a loss again mostly due to that one time charge caused by late 2012. Costs will lower back to below 900.
On a plus note, at least they are spending money on exploration. Seems like Mr Konignen wants a 1M ounce resource. Gold Ridge reserve is a bonus (wasn't anticipating this). CB wouldn't have seen this opportunity even if it came knocking on his door..
Bigger resource means a longer mine life and already with a positive cash flow mine will result in a sale.
gl