Int'l Wayside Gold Mines Ltd (IWA-VSE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bill718 who wrote (357)	12/23/1998 1:07:00 AM
From: Leigh McBain	Read Replies (1) of 1321

Wayne, this is NOT an assessment of IWA's future, however, the comment you made regarding a comparison between IWA and Royal Oak is actually not that relevant. What matters is the cost of production per oz. as compared to the POG, NOT so much the bulk resource you have in the ground. I could have 20M oz. but if it is .04 oz. per ton with almost no high grade and my cost of production is $275 per oz. then I am likely not to be able to afford to produce. On the other hand a smaller deposit, say 1M oz., with higher grades and lower costs may very well still be a viable business in today's gold climate. These numbers are meant strictly to get my point across and are not meant to be the true quantitative representation of the 2 companies being discussed. Salut, Leigh McBain

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next