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Re: uncle jessie post# 56701

Tuesday, 10/11/2016 8:39:57 PM

Tuesday, October 11, 2016 8:39:57 PM

Post# of 63744
Just based on the higher price of gold and the increased production, we are looking at revenues of around $70 million for Q3 compared to $59.6 million for Q2. I don't see any reason why mine operating expenses would increase..in fact I would expect it would decrease. So that puts an additional $10 million of cash into the business...that doesn't even count the $7 million or so in inventory that the company had on its Q2 report. Seems like a pretty good buy at 26 cents per share and a market cap of $85 million. Anybody disagree? The company's revenue in Q4 2016 will likely be nearly the amount of its current market cap. That's pretty amazing.
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