Looking at the latest quarterly, I am thinking the next 6-9 months will be crucial. Cash costs per ounce are far too high. This will fall with increased production from crista. Only 3.5 million in the bank. Langford needs to ramp up production and lower costs as quick as he can, otherwise we will have another CR, Loan facility or lifeline from Anglo. I'd lile to see engehco producing 12000oz per quarter (includes crista)... although, looking at the quarterly, its 4 months till crista starts producing. I don't think much will happen between now and then.
MUN Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
