thanks legume
spoke to company last week, who said similar, ballparking at 1200+, but noted that in dire times, they could cut expenditures in areas, and focus on high grade ore bodies etc.
The issue for mine, when comparing these goldies with high leverage to the gold price, as they are teetering on being non profitable, is to look for those who dont have a high debt overhang, and who have options.
Debt is the killer, when profits dont exist anymore.
Ann: CEO PRESENTATION AT DENVER GOLD FORUM , page-5
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