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: peter snowdon who wrote (10701)	5/6/2006 7:34:32 PM
From: loantech	Read Replies (1) of 78421

In talking to management I think Genco's cost are about $55.00 per ton. But obviously I do not know what that includes as the average grade is about 600 g/T AG equiv. So at 8 bucks average for silver last year that would be $144 ton dirt, but then those numbers do not make sense as their profit was not that great. maybe that is extraction cost but does not include administrative or taxes or royalties or what ever. Jack can you weigh in on this please and give me a 101 intro to Genco finances? I know they make money but........ It seems like they make about 3 cents a share so sell at an 80 multiple.

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