X64 ten sixty four limited
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$220 millions CAPEX savings, one of the best news declared from...

  1. JStar
    19 Posts.
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    08/07/13
    23:39
    Post #: 11979242
    $220 millions CAPEX savings, one of the best news declared from this announcement.

    Though quite a few bad news announced, such as commission delays, lower production, narrow veins, low bullion price, these all short term pains.

    If we really could save $220 millions CAPEX at next three years, dividends should be re-introduced shortly. If we could produce 150k ounces per year with $600.00 profit per ounce, that could be 90 million profit, and we might get 15 to 20 cents dividends.

    MML Price at posting: $1.65 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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