SGZ 0.00% 0.8¢ scotgold resources limited

strange today, page-12

  1. 364 Posts.
    McKracken,
    I have had a conversation with our CEO in the Adit at Cononish on that.
    I asked Chris if he had envisaged the Gold price being as high when they first took over the Mine and he said no but he wasn't complaining.
    I then asked what was the bottom line for the operation was, Chris replied that Cononish was low cost and high grade and could continue well below the current levels as the production costs at Cononish are around $575, much less than many of our piers. I never pressed on what the exact bottom line was and we moved on further into the mine, 765m in all before we turned back.

    Of interest when the company listed back in Dec 2007 the POG was USD $838 at the end the year

    http://www.flickr.com/photos/93177156@N07/

    I am organising a visit for the end of next month and will up date the pictures accordingly , 31 on there at the moment


 
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