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mortalmyth

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mortalmyth

Re: None

Monday, 05/12/2014 7:31:37 PM

Monday, May 12, 2014 7:31:37 PM

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Not a bad financial report for 1st qtr 2014. CROCF produced a mountain of gold, but to capitalize on it they need to go much further in reducing their costs (direct and indirect). Even though they greatly improved their All In sustaining Cash Costs per ounce sold ($) over the 2013 number, the current $1,307 is still way too high. Even if the POG improves in the next two quarters it doesn't look like they will make profitability. Heaven forbid if gold turns south from here and over any prolonged period of time.

Would be nice if the Plunge Protection Team were on the side of the metals and miners for once. Maybe in my life time, one could only hope. lol

http://ih.advfn.com/p.php?pid=nmona&article=62172311&symbol=CROCF

Anyway, good day to all.

I am NOT a Financial Adviser. Nothing I post should be considered financial advice. I may be holding a long, short or no position. I am NOT compensated to post on here.

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