This month we get the independent review of this companies gold reserves and resources. This will also enlighten on the economics or otherwise of the underground operation at Coyotte. Plonking in say a 15-25% increase in the costs and a ? 15-25% cut in the grades ??, its possibly going to get difficult.
For me i cannot see how any of this can exceed market expectations. They have used up 8 lives already. Question is how long existing cash balance can last.
52 week price low today.
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