Gold is really starting to look strong and,IMO, seems to want to hold this level and go higher.
At 618 cash cost for getting the stuff out of the ground and 1750 selling price at 60k oz a year we are looking at nearly 68 million a year in cash profit. At the current mine life of 7.5 years thats over half a billion. Any increases in gold will only add more icing on the cake in my opinion.
I dont know about you but I'm very happy picking up more MYG's and MYGOB's at these levels. IMO they are money well invested.
oh and thank you to whoever bailed yesterday at,what were IMO, throw away prices.
Looking forward to the mining permits and financing announcements that are due very soon.
MYG Price at posting:
8.8¢ Sentiment: LT Buy Disclosure: Held
