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Re: C C post# 10632

Thursday, 05/14/2015 2:04:04 PM

Thursday, May 14, 2015 2:04:04 PM

Post# of 11119
Cha-ching: They clearly need over US$1000 to have any chance of breaking even AFTER getting rid of all the debt and the Fx losses that go with it. Just the operations alone in Q1 had costs of almost US$1100 per oz. Taking into account by-product credits, they still need US$1000 to cover unexpected problems like they did in Q1. Q4 was their best quarter last year and their AISC were over US$1100/oz with NO problems and milling a stockpile where most of the mining costs were incurred in Q3. See my
Investors have to decide if they want to believe dreamy numbers from a PEA or guidance statement or the FACTS from the company’s quarterly financials. What has been the track record for the current management for accurate reporting and projections? How about their record in protecting the shareholders?

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