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gitreal

08/23/19 9:54 PM

#31695 RE: 1manband #31689

There is that pesky concept of producing economically (at a profit). Whether they produce 10, 150, or 500 ounces, it would be tough to make up for years of multi-million dollar losses.

Even if they could somehow magically wipe out shareholder losses in the past, making money going forward is highly unlikely no matter how many ounces they claim they are producing. The top 20 feet of mining is easy..... think about the strip ratio once they have to start benching down on what is a relatively steeply dipping vein system.