Trireme
find the correlation to IGR interesting:
No actual production - initial FORECAST production of 90k oz - estimated cash cost - cash burn of 70 mil - 45 mil BNP facility draw-down - 30 mil left 30.6.10
SP of 37/38 c
Seems to me that just having potential is worth more in the current market than being an actual producer with established costs/resources/new projects and cash in the bank (RMS/FML)
Just an observation - DYOR
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