Re: Meet The New Boss - Same As The Old Boss!
in response to
by
posted on
Jul 11, 2012 12:31PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Well Aim, I could ask you the same question as to why all gold stocks have fallen so much if they have good grades. I don,t believe the sp depreciation has anything to do with the grades of gold on the Tesoro. If you look around at some of the explorers, you will find that they are not happy with what has happened to their sp,s and are under serious pressure because they can,t raise money, can,t exercise their incentive options to live on and may have to put projects on hold. There are some that suggest this was an orchestrated market takedown of resource stocks, if it was, you are into other matters that will have to be dealt with if more of these explo/mining companies pressure markets and governments on regulatory issues. There are over 1200 mining companies on the Venture alone,if half of them were to become stagnant, or go under at this time, it would affect many jobs, right from a CEO right to little towns where paycheques are spent. So, indirectly, you could have the loss of one company affecting many people and aspects of the economy. Drillers,labs,geo,s,engineers and firms,heavy equipment, geophysics companies,general labour, the list goes on.
http://www.tmx.com/en/pdf/Mining_Sector_Sheet.pdf
There could be many reasons why Dynacor is not going into full production at this time with their Acari project. I don,t believe they want to sell their property, so maybe they are waiting for a couple things to line up like, studies, permits, new mill come online,etc, and they are generating revenue that pays for their exploration. To go from exploration to mining is a big expenditure, and their business model seems to be not to dilute and when they can increase revenue, from 2 mills, then maybe they will take the next step to large scale mining of the proximal veins. And I would say,for them to have 600k ounces in 3 of the 10 known veins,its not gonna rot and is the same as money in the bank, until they are ready to mine it.
IMO