This Edgar Filing just came out minutes ago....
http://1.usa.gov/12tCEQQ
Barry Honig is buying shares again. He bought 100k @ $0.345 per share today, 6/27. I consider this to be a very important vote of confidence.
Typically, when Mr. Honig buys, it's not a one-day event. It will be interesting to see if he buys more in coming days and weeks.
I tried to buy shares today at 32 cents. I think that Honig's purchases will help establish a floor in the stock price.
Pershing's Relief Canyon project remains highly economic, with all-in costs in the $700-$750 per ounce range. Gold at $1,200 per ounce will sink many projects around the world. I read that half of all production is loss making at $1,200 per ounce.
Companies that have uneconomic mines, especially mines in Africa, Peru, Chile, the Dominican Republic, central Asia, etc..... will have to replace the ounces they lose.
Low operating risk, low technical risk, low operating cost, near-term production. If Coeur Mining doesn't step up, someone else surely will. |
