"slyasian, if you reasearch ozl you will find out what is wrong, read my previous post and you may want to do a bit more reading on them, i hope i am wrong but i do not like the look of what is happening."
gself
you are probably wrong
century will lose about $200m a year if the company did nothing
I was the one who bought that to everyone's attention in the first place
but mining companies rarely do nothing
at the moment they are doing a review on operations
this will produce some action in regard to cost cutting
also bear in mind in mind the profitable operations will offset the unprofitable ones to the tune of $36m
check out the calculations
Gold price = $801 Sepon gold US$555 golden grove gold $700
copper price = $1.54 sepon copper US$1.09 golden grove copper 32c
zinc = 52c rosebery zinc 30c golden grove zinc 31c
PROFIT/LOSE
sepon copper US$0.45 x 154,685,536 lb = $69m golden grove copper $1.22 x 58996672 lb= $72m
rosebery zinc 22c x 186,361,424 lb = $41m golden grove zinc 21c 209626,848 lb = $44m century -19c (including prestrip costs)x 1,139,388,656 = -$216m
Sepon gold US$246 x 88,760 oz= $22m golden grove gold $101 x 37,652 oz= $4m
TOTAL = $36m
also bear in mind that all these calculations are out of wack now as metals prices have risen
Gold price was $801. it is now $821 the copper price was $1.54. it is now $1.68 zinc was 52c it is now 55c
and probably going higher
so that figure of $36m is probably much higher.
OZL Price at posting:
56.0¢ Sentiment: None Disclosure: Held