marcos,
I was really disappointed by the Brewery Creek NR today - the best they can do is 300k to 400k indicated & inferred in the oxides and that's using a $1500!!! gold price? Thank goodness they have the largest land position and all those royalty props yada yada cause I thought the nos. sucked.
Given this was the site of former production perhaps if they threw us a bone and told us about the low cash costs.... but no such luck, no mention. While it sits here pennies off the low and IMO 'not too far from the bottom', I simply don't feel that this company deserves to be my 'second largest position'. While not mislead, and with no one to blame but myself, always, I'll be a big boy and some lumps while keeping a more reasonable position.
There are so many names beaten up, I feel better to put smaller amounts of money on more squares, slowly and patiently. BTW, anyone looking for a great looking intermediate, have a look at Allied Nevada, $ in the bank (but WTFDIK!)
31Floors. |
