It should since they will have capital to keep operating, and with the price of gold maximizing the value of production things should move forward, albeit at a slower pace due to the drag of servicing the long term debt.
My guess is that they are producing around 6,500 ounces per month with the same G@A, and production costs of about $550.00/oz. When you add back the depletion and amortization money, that is a very nice cash flow.
I am afraid that a lot of small investors cannot read a P&L and don't really understand much about the company and/or its potential for growth.
Long term I am as confident as ever and have used these low points to pick up another 10,000 to 15,000 shares each time. I expect to sell in two or three years.
I always go by the big block holders and all 38 seem to be holding tight or adding shares also. I assume they know much more than the street or I do.
