Hi Hatch,
and also all others are invited:
I today evening collated just Rio Alto Mining
http://tmx.quotemedia.com/article.php?newsid=51228400&qm_symbol=RIO
with Focus:
Mc Rio Alto (4,22 CAN$ x 173,570.000 shares) 732,465 Mio
MC Focus Min. (0,034 x 4,320.000.000 shares) 146,88 Mio AUS$
So round about Rio is the fivefold mc.
But if we see:
In Q 1
Total cash costs 53.536 Mio
Ounces of gold sold 58.918
In Q 2
"Rio Alto produces 58.081 oz of gold
http://tmx.quotemedia.com/article.php?newsid=52540545&qm_symbol=RIO
But if we come back to the Q 1 report of Focus Minerals so we see there (site 1 head)
"- Focus Group delivered 47.489 oz for the quarter, up 28 %
..."
- Group on track to deliver 175.000 oz gold in FY 2012."
- (site 20) Cash at end of Q 16,955 Mio
----------------------------------
So we see in production there is not a fivefold difference. Ok, Rio Alto estimated there costs with 908 §/oz (see above). But Focus Minerals said that they are on a good way to bring down the costs. Nevertheless this difference in result (calc. in proprtion to the production) is also not a fivefold. Waiting for the Q 2 report.... exciting. ;o)
Cheers
Tilly
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