Post by
bobofet on Aug 15, 2018 4:10pm
As I see it..
In my humble opinion yes this all sucks .... luckily we are hedged higher thats great as gold keeps dropping,, but thats bad. I get the sense they see more in Floriday Canyon than I thought .. but with gold at these prices we cant afford to spend and must conserve. Not sure about anything other than we need the gold price to rise in an environment thats against gold at the moment... signed future is farther now....
Comment by
auburn2 on Aug 15, 2018 4:46pm
They released this bad quartlery right before the collapse in gold and the sector. So they stopped work at AP at just the right time, are accessing the highest grade portion of FC at just the right time, and are being especially diligent at both operations at just the right time. Plus all that ore inventory is going to convert to gold within the next 360 days, right?
Comment by
2fast4uI on Aug 15, 2018 4:56pm
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Comment by
auburn2 on Aug 15, 2018 5:09pm
I said I was adding 30% more this week. As long as BMO is pounding the SP, why would I be buying?
Comment by
auburn2 on Aug 15, 2018 5:05pm
The ore inventory is sitting on heap leach pads. What capital is there? I believe the value of that inventory relates to the capital expensed to produce it. The actual value should be higher once it converts to gold and is sold off.
Comment by
PANTSONFIRE on Aug 16, 2018 12:11am
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