Like your thoughts Josimar. Yes 10c is cheap. The only time to buy miners is when they are cheap, then you dont have to panic when they take a dive for any number of reasons. The traders who pay too much for their shares are the ones who get too bitter about what directors are or not doing, and then their posts are generally not worth reading. My average in FNT is 7.9c. My last purchase was at 9.5c, so as long as I dont get shafted in a take over I will be reasonably happy.
One tonne of rock is not a very big amount. It is eqivalent to 2204 lbs of butter, but of course a lot smaller by volume. 0.5% of gold per tonne will have 17.632 oz of gold in it. At US$1600 per oz, one tonne of rock can generate US$28,211 of gross income. Even if your cost to extract is $1000 an ounce it still leaves you $10600 for digging out a tonne of rock- thats alot better than milking cows.
MERV
Like your thoughts Josimar. Yes 10c is cheap. The only time to...
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