Welcome to the Equinox Gold Hub On AGORACOM

Free
Message: Some thoughts from Real Economics

BTW, I've been back looking at CMM, and even half-jokingly thought about getting back on this crazy horse until my recently new-found investor smarts kicked in and some serious questions came to mind. I'd be happy to get answers from anyone who's been doing some actual thinking on this play.

- Their Lamaque production is still half of San Juan's? That's San Juan, where Peruvian peasants have been following veins by eye and mining with pick and shovel? Is it really so hard to do better than them?

- Have they, or haven't they, received their low profile equipment yet? They seem to already be paying to lease it.

- They've bumped their "90,000 oz/yr" target to sometime in 2011 now?

- Where is that production supposed to come from - Lamaque, Bedard, or North Wall? Cos they don't seem to be producing anything right now.

- Their Q3 cash costs were again too high? Is there any proof that their cash costs are ever going to go down, beyond what you're getting spoonfed from management?

- Even with the too-high cash costs: has anyone here told management that gold's been flirting with $1400/oz? How hard is it to make a profit by pulling gold out of the ground?

Share
New Message
Please login to post a reply