Originally posted by mickeebee
Find me another 100k ounce producer for $50m mkt cap? Looked at MOY, good grades but LOM only 3yrs and has $150 mkt cap...i kno we have debt, but cashflow will extinguish that in no time. Patience required. Multi bag if gold skyrockets...
Like others have said, the new mil was worth more than the whole right now...
My humble thoughts, would any1 consider a t/o at current value? Similar to doray & silverlake?
Also Mickeebee, MOY ore is sulphide ore and the process is longer and less percentage of Gold recovered, in MOY's case only 50% gold recovery therefore AISC was very high. GCY is oxide ore with recovery at approx 96% therefore much lower AISC.