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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: hank2010 who wrote (61797)10/23/2008 10:47:05 AM
From: AuBug   of 78410
 
I wish I had been that smart. Feels like the world as we knew it is coming to an end ;-{

CSG.v is producing at the rate of 24,768 oz/yr and if their costs are $400 and they sell gold for $700 and net $300/oz then they're making $7.4 million/yr and with a mkt cap of about $15 million they're trading at P/E = 2. They claim to be ramping up. Why not just buy in shares and in a year or so take the company private and pay those handsome profits out to shareholders as a nice dividend?

castlegoldcorp.com
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