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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Nevada9999 who wrote (29239)1/17/2013 4:16:42 PM
From: ItsAllCyclical  Respond to of 29622
 
The railroad explains some of land position not being continuous yes. And yes the blocks look to be larger than 500m. I mentioned 500m to the CEO and he didn't correct me, but now that I look again they do look larger.

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I don't like contract mining and certainly not for a company of this size. When majors do so they have more leverage/expertise. Still a reasonable LT bet at these levels. Again I like the company just don't feel compelled to chase here. I think most of the positives are factored into the price (ST/IT). If they were expecting lower than industry average costs I think I would be more excited. That does not appear to be the case based on my discussions/assumptions. Thanks for your feedback.