The Bartons UG does not make money and will not in the foreseeable future.
Think about it: MOY have just finished a quarter where the decline was stopped and the only mining activities done were stoping, these numbers should be the best the mine will ever produce as minimal costs are spent and the most tonnes are extracted - yet the numbers are revolting. 2.3 g/t.
Next quarter the decline and lateral development will restart (costs up) and low cost stoping gold once again wont cover costs, Bartons will draw down on MOY cash balance and someone will be asked to foot the bill. IMC deserve a Nobel prize for their support.
MOY Price at posting:
6.1¢ Sentiment: None Disclosure: Not Held