AYN
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0.00% 0.1¢ alcyone resources ltd

is the trading halt for working capital?so they have 500koz...

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  1. rizzla
    1,841 Posts.
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    11/05/12
    13:48
    Post #: 10163226
    is the trading halt for working capital?

    so they have 500koz hedged at $30. so that buys them a few months to ride out a weak pm's market.

    what are their operating costs per ounce? at what Ag price do they begin to make a loss? how much cushion is really here?

    i've never been convinced about this project, other than in the $100 silver scenario.. but happy to be proven wrong. will start research on the weekend
    AYN Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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