Wow, Mark what a great photo! Well-deserved trophy.
My guy's team made the playoffs, but the elimination rounds were rained out last Saturday. Not exactly sure where they stand now- my wife says there's a formula for determining winners based on performance up to that point in time.
I don't think GG wants to risk it because it will be too big of dollars, unless they KNOW the oz's are they, at least, and especially if any other miner were to make a bid, then I think they would jump in to take it away, because the F2 zone is right next to their mine.
I think RBY mgmt is hoping for a good offer, and in the meantime, just keep moving towards proving out things, and building the mine if no bids appear. The mine is already partially there, so its going to be cheap to build, like $150 mm or less, and should have cash cost sub $300. They have no debt and no big infrastructure or environmental type problems so far as I know. Canada's best mine is right next to it.
That is Excellence!
ReplyDeleteLooks like the Asian markets are crashing. Euro debt fears + some more crap from N. Korea should make for an interesting opening.
ReplyDeleteWow, Mark what a great photo! Well-deserved trophy.
ReplyDeleteMy guy's team made the playoffs, but the elimination rounds were rained out last Saturday. Not exactly sure where they stand now- my wife says there's a formula for determining winners based on performance up to that point in time.
I don't think GG wants to risk it because it will be too big of dollars, unless they KNOW the oz's are they, at least, and especially if any other miner were to make a bid, then I think they would jump in to take it away, because the F2 zone is right next to their mine.
ReplyDeleteI think RBY mgmt is hoping for a good offer, and in the meantime, just keep moving towards proving out things, and building the mine if no bids appear. The mine is already partially there, so its going to be cheap to build, like $150 mm or less, and should have cash cost sub $300. They have no debt and no big infrastructure or environmental type problems so far as I know. Canada's best mine is right next to it.
gold going zoom. too bad i sold DGP
ReplyDelete