A to Z Junior Mining Research Site Message Board

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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: TheSlowLane who wrote (2985)	1/29/2003 9:15:05 AM
From: russwinter	Read Replies (1) of 5423

I'm not familiar with this company so I won't comment one way or another, but an important aspect to look at are costs necessary to bring this to feasibility (now just a scoping study). Also how much are the costs (capex) necessary to develop this project into a producer. The 188 cash cost claimed here is rather average on the producer scale. Finally as a general observation, juniors are still facing a very high and dilutive cost of money and are still effectively choked off (as are most resource based enterprises)from the capital markets. Mines such as this one are very profitable at $370 POG, but apparently the capital market (stock prices) doesn't thinks so. Finance will be a key determinant of shareholder (existing) success going forward.

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