Isnt one of the biggest costs for AGO is that they are still trucking a high volume of their ore to port rather than use rail. Wasnt there a consortium to looking at sharing the cost of infrastructure...where is that at...they need to reduce their costs and investing in rail infrastructure may do this longer term...
I don't think AGO will go under provided they continue to ramp up production, maintain and implement a cost reduction process, and most importantly continue to maintain their customer base....easier said than done...it is going to be a tough couple of years though...
AGO Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held