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: John McCarthy who wrote (25177)	11/12/2006 9:51:49 PM
From: marcos	Read Replies (1) of 78410

goz.v - currently producing 20-25,000oz/yr, shooting for 75,000+oz in 2007 ... now it's from old low grade stockpiles, plus development ore, and lately a test mining bit from the Victoria vein ... they could go into full production at any time, mill is modern and operating, they're fully permitted, they've got ten years reserves at their intended near-term production, but they seem to have elected to finish the fease and keep developing, presumably to set up the most optimum mine plan for when they do get rolling Current cash cost is around usd400 but that is because they're processing the low grade piles ... they're looking for cash cost at usd300 or better ... so figure 75k times 300 free cash flow, that's usd22.5m ... market cap now is roughly cdn33m, fully diluted ... so, trading at less than 1.5 times fairly-near term cash flow, that's why i picked up quite a bit of it

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