trkjd1
HEG and CTO are worth comparing because they produced a similar amount of gold in the latest March quarterly.
But if you compare HEG's production costs they are almost double CTO's...
CTO payments for production $1.18 mill
HEG'payments for production $2.057 mill
A big difference.
Also SLR has one good small mine (Daisy milano) with a 3 year mine life.
Whatever profits it makes from daisy milano will be spent on developing other
mines which may not be as profitable.
10m ounces: an investigation, page-8
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