re: closer to 70 cents? True Frobisher!
Increase in cost of fuel has been suggested as a potential factor in previous posts.
Fuel?
An ADDITIONAL $200,000?
$300,000? (meaning total cost would be in the vicinity of $1.000,000)
Miningnut or Stone Pony would without doubt be able to extrapolate a figure on this matter.
Also bear in mind ----
Legal/court costs?
Settlement cost?
Increased wages/salary costs with more personnel?
Setting up plant and mining operations at Kulumaziba?
Increased smelting costs?
etc.
Thought pre report release buying may have been reduced partly because of previous posts suggesting this has been a feature of market with inference of "insider" action.
On the other hand profits for last quarter may be less than we may have imagined and "insiders" are being cautious for that reason.
Whatever.
Am of the opinion increased profits will be well in excess of increased overheads.
And "nearer to 70 cents share price" is likely very soon.
If the market adds premium for future profits at Kulumaziba and premium for positive results on analysis of exploratory drilling -----------!
"Closer to 70 cents" may be conservative.
Cheers,
NT
Add to My Watchlist
What is My Watchlist?
