Agoracom

Are you serious?

500,000 oz/gold would be truly spectacular. Question: How could a mining company with near surface gold and production costs of "$450 or so" - paraphrasing from Eric in Webcast - trade this low? Thats why I got i; the valuation and the ease of production. No need for a mill, no need to extract at depth; just build a ramp, scoop the ore, and ship it to a third party mill and collect the money. At $900 gold, each 10,000oz we sell nets $4.5M in revs and $2-2.5M is profits depending on production costs.

Yet the comapny with 289,000 and probably at least 350,000+ or more oz is worth only $4M collectively. Funny.