Whats the point gravyStart up unit costs are higher than the...

Whats the point gravy

Start up unit costs are higher than the industry average, no surprise there.

Have not demonstrated they can run a profitable company. No surprise their either given most of there activity is exploration on much bigger projects.

Expansion to 4000 tons is very significant. I would much prefer this than your project $1. They are already focused on costs. Cost fell 20% in the last quarter and when grade improves this quarter unit costs will fall. They will never get to $1 though but who cares. $1.40 to $1.50 will do me fine.

This is a small underground mine. It cannot possibly have cost structures equivilant to much bigger mines.

At the end of the day I will be very happy selling items for $3.50 that cost $1.50 and I will be even happier selling 4000 units a quarter instead of 3000

This is also only a minor project in the porfolio. Filipina Grande, armenia and tungsten are much bigger projects