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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC -- Ignore unavailable to you. Want to Upgrade?


To: Brumell who wrote (756)6/10/1999 10:47:00 AM
From: Fishfinder  Read Replies (1) | Respond to of 1005
 
Yahoo is a joke!!!! As I have stated before shutting down GRE makes no sense to any of you or to me or to anyone else involved. they have spent large amounts of money building the infrastructure to mine two very good gold deposits. they have built a whole town site for there employees. The mines have just now, since end of Jan and end of March started to produce gold. Sure the first Quarter says gold production was $270 cash cost. But that was first quarter and a lot of the mined ore hasn't been refined as yet. In the second Quarter the operations ought to be running smoothly. What I am looking for is Cerro Mojon producing at the projected cash cost $220.00 and San Andreas @ $ 120.00 for approx. $170.00 cash costs between the two. As this is sold foward till end of Oct @ $ 278.00 I believe we will see some good profits. As for the year 2000 and beyond, well thats a long way away for me . I have no reason to believe these guys will be going under any time soon Scott