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resourceinvest

07/29/16 12:45 PM

#20902 RE: saildone #20901

Thanks - it was a good trip. Your comments re GEO one minute and Gold with Ag as a credit to costs another is a good one. However this method of reporting is the norm in the Resource Sector. It becomes more confusing for investors of base metal producers who often have multiple by-products which can result in cash costs becoming negative!! The bottom line is that for a Resource company to be "successful" it must generate a sustainable and positive cash flow of a magnitude that provides a good return on the capital investment. LODE has never generated a +ive cash flow. Maybe porkie will learn to fly one day??!!