Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (62818)	1/12/2009 10:59:39 PM
From: hubris33	Read Replies (1) of 78419

RIC looks like it is fairly priced to other ~40K opy competitors AMC, AGT and CGR. Operationally their costs are around $604/oz which is a little better than the peer average of 651. Problem I see is that production comes from 3 mines as opposed to others who have only 1. Seems like there should be a cost penalty for 3 small operations versus one smaller mine. Keep costs down and production consistency is something RIC need to work on since they have been all over the map in the last couple of years. I'm looking for some consistency and cost control before considering a play with RIC. Hope that helps. H3

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