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Pastimes : True Confessions -- Admit it -- you bought that stock
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To: Real Man who wrote (867)10/28/2009 4:02:19 PM
From: carranza2  Read Replies (1) of 990
 
I think I figured out why DROOY is so apparently underpriced.

If I recall correctly, a whole lot of its production is out of re-working surface material, which I should think has to be substantially cheaper than the cost of its deep mine operations.

However, its combined cost per oz. is nearly $800, which means that the cost of mining the deep stuff has to be much, much higher than $800.

I think this is right though I easily might be dreaming.
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