Let me see: the company promised 100,000 per annum a few years ago...say three year ago and also they promise they can mine with only 450$ cost. Let us say 700$ profit (I am taking very low profit here)...
100,000 X 500$ = 70 Million$ profit per year!!!!! and the mine is gonna last for 30 years!!
So, why the company is begging the chiness for 1 Million$? Why u are happy about 170,000$ if u were expecting 70 Million$
By the way, maybe the profit is due to the fact they do the spp more efficient now since they do it very often!
Seriously, the 170 000$ profit is just playing with numbers...the real question is where is the 100,000 ounces?
Katumbus: Show me the 100,000 Ounces and then let us talk!!!! You know, I give u 50% discount...show me 50,000 ounces per annum...I will be happy for you and if u visit Sydney (if u are not in Sydney), I will be glad to invite u for a drink :).
CTO Price at posting:
12.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)