Nice to see Reed promoting themselves as a $1000 an ounce proposition.Wow that is a great margin as opposed to the spot price and all the johnny come latelys buy shares and alls well until you get to now and realise you are not getting a divi or capital growth.
Just good work by Reed spin doctors who are yes correct by stating the cost will be around $1000 per ounce on site at Bluebird.
Trick is they have to produce and they have forgotten to add to that cost the exploration and the global entity at West Perth with its millions of dollars in salaries and rent.
Add to that the cost of a $20 million dollar overdraft and 20c becomes an attractive exit.
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