Check out Gold-Ore's setup at Bjorkdal, you'll see why they don't need much ... another million bucks to exercise the option i think, then very little to go to full production, as they've got the mill operating already, it came with the deal along with the old stockpiled open-pit ore it is currently processing [at an operating profit, though not enough to cover g&a plus explo costs presently of course] ... can't recall exact numbers, and some are not known because plans are not yet fixed, but capex will be a tiny fraction that of a greenfield project ... and treasury is not dry at the moment either
And i don't paint all hedgers with the same brush, i made that clear ... what i do see, is that some who play this sector do paint them with the same brush, they just plain don't like hedging period, and that sentiment becomes part of the fundamental picture
wgi.to - they're fine hedged at 800, no worries up to around 900 i should think ... just guessing ... at the same time, they ain't Pure As Driven Snow to the doomster drama queens among us ... one third the population is insane, never forget it, so look to the guy on your left, and the guy on your right, and if they don't look too wonkey, it's you man -g- |
