So if the gold is not economical to extract, management have misrepresented the cost per oz to the market?
The brokers that did the raising a few months ago never had their analysts run their ruler over it?
Does seem like a big strip ratio in the wrong direction, this is obvious, and hence the first thing analysts look into I would have thought..
I think negative sentiment to gold miners, developers and explorers has more to do with the 12million MC. Alot of cash will need to be raised which is proving difficult for other explorers with a project ready to go, they all just need $$.
CVY Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
