RED 6.25% 34.0¢ red 5 limited

looks like we might test new highs, page-26

  1. 5,352 Posts.
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    I was just considering the first bodgy gold bar. Even that appears to be $150,000 profit just on the gold alone at 50% of 228oz with pog at 1780 and cost per oz of 450. a quick 150 k fir a bar from the sludge and muck they started the system with? usually commissioning costs you money but here it is as easy as making money with speed cameras. dont even know what the other 50% was worth but if they get into production with no debt what a cash cow. Im still hoping they actually have strong evidence that mapawa will sure up and that is why they built here. Seems drill results are a long way off but there can be no financial reason not to resume drilling now.
 
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