CGX 0.00% $2.72 cga mining limited

Loki, maintain 20k oz monthly production and CGX costs quickly...

  1. 3,353 Posts.
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    Loki, maintain 20k oz monthly production and CGX costs quickly take care of themselves. I like PRU but it's high grading production and, rather like TGZ, will need to expand throughput to maintain production levels and cash costs. I doubt CGX will see $1.50 but then I thought $2 would hold. My focus is end of next year... hedge free, debt free, reduced costs and a cash cow. Already in fact cash and investments are very impressive for their market cap... debt only $31m and reducing $4m per quarter. The market has it wrong, IMO... if you read their TSX report after the SAG mill failure, all quarterly production was delivered into the hedge book at the same price as cash cost. Of course the company lost money but this is rear-view mirror.

 
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