Roebear - production costs and Post #19 IKAR
Part 1: Yes, the production costs of $150 also do not include the administrative costs which bring total cost up to about $193 or so. My understanding is that when a mining company publishes production costs, the admin costs are not included - so the comparative figure would be $150. And yes, of course that cost depends upon how much gold is found. This is where I think BCMD "has it made" as their area is so rich that with the twisting and turning of the vein, indicating pockets, etc., they are bound to be retrieving a higher percentage of ore per ton milled and that would bring the cost down. But to figure on an average of 1 oz per ton, as I believe Standberg did, is a very viable mine and therefore a pretty solid indicator figure. At least that is my understanding.
Part 2: I have become interested in the patterns of trading, recently doing the same thing that you did, waiting all day to buy a stock at a given price, finally giving in to buy higher only to have it drop right after I purchased it. This little movement I do not yet understand but do think it is MM manipulation. What I have come to believe is an absolute truth is what is stated in post #19 of the IKAR Mineral Thread, posted last November. I have seen this trading theory at work. I have not gotten used to it, so it feels like that rule "when skiing, face your body downhill". Takes a bit of courage until you understand the laws are the reverse of what you think they are.<<GG>> |
