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resourceinvest

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resourceinvest

Re: jrlinnovations1 post# 20917

Friday, 08/05/2016 3:06:39 PM

Friday, August 05, 2016 3:06:39 PM

Post# of 24289
Why do you think they will "get into production"? They have been there and done that and it failed - big time. Over $60 million of cash consumed by the company over the past 4 years having poured a total of 70,000 ounces. This represents a cash loss of $850 per ounce having realized an average gold price of $1,300 per ounce over that period.

They would have required the gold price to have averaged $2,150 per ounce to have merely achieved cash break even.

Are you suggesting a gold price significantly higher than this???
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