It is like trading for Dummies here.
If you had been following miners for 10 years like myself
Costs companies put out are meaningless.
they can be manipulated in hundreds of different ways.
What cant be manipulated is cash balance.
The reason why Galaxy is a bad investment is cash is being depleted
at an alarming pace.
When bringing a project to reality most miners do a DFS with full costings
then they find the money to fund the project.
Along the way they state how much has been spent to date.
I have no real idea what they are really doing with the money
or what the true cost of Mt Cattlin is.
I think at current Spod prices Mt Cattlin is loosing money
I think it is safe to say any work being done in South America
is only preliminary works to base some eventual project on.
Cheers
GXY Price at posting:
$1.39 Sentiment: Sell Disclosure: Not Held
