Production costs should be lower than $780, Brazil is a low wage and operating cost country, the infastructure that Mundo is using to process was also acquired second hand,so the capital outlay was not that big to begin with, IMO it is really down to how many tons of ore are we processing to get an OZ of gold, is it viable?? Recent returns and production figures say not. Move on to the next mine and sell this one to the next sucker.
MUN Price at posting:
10.5¢ Sentiment: ST Sell Disclosure: Held
