Re: SP...TSX aint all that
posted on
Jan 27, 2010 09:52AM
Dale has no trouble finding Bay Street, His problem is he tries too hard to please investors.
The 43-101 will be hard pressed to make 1M ozs, based on the cost regularly posted in the annual financials. They have spent 6M in 07, 8M in 08, and 8M budgeted for 09. 20.divided by $20 per oz eaquals 1M ozs, less the money spent exploring to figure out the hinge secret. With extra high grade it might still come out to 1M but anyone who speculates an increase to 4-5 M from 1.6 M is not using their noggin.