It was inevitable that the Brazilian op had to go under, the only thing that prolonged that farce was the continued rise in Gold prices over the past 5 years from $700 to $1700 p.o. Also we were of course given production estimates which were wildly exagerated and never achieved due to, now known low ore grades, even the new 30 ton truck did not change anything. Why should anything now be different in Peru,Did they just abandon the plant in Brazil,and flee to another country, all sounds very like they may now have to face their Brazilian Creditors, does anybody know what they owe in Brazil.Good luck with the capital raising.
MUN Price at posting:
4.1¢ Sentiment: None Disclosure: Held
