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AuRico Gold Inc. Message Board

  • crewcoachmike crewcoachmike Feb 19, 2013 2:00 PM Flag

    Growth for many years, too. The more they grow, the lower the cost per ounce.

    The hoisting shaft at Young Davidson is the last of the large CAPEX. This summer the shaft will be done and AUQ will turn into a cash cow for the next 20-25 years.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • tradeblazier isn't right- this decline is due to one thing- the drop in the price of gold. if crude was dropping like gold exxon, apache, chesapeake, et al would be dropping just like the entire gold sector. AUQ is doing no better or worse than the rest- look at PPP, which has as good a position as anybody. Unless trade is willing to say every gold miner is a loser then his comments aren't credible. I have followed this message board for months, and trade has never said the entire sector is bad, just this stock. Clearly, that he has been wrong about why this stock, like all gold miners, are dropping- its the price of gold and he has never warned us to be wary of this kind of price drop. If memory serves, gold hit $1525 within the past 18 months. That was a massive buying opportunity. Trade will have credibility when he tells us where the buyin point is.

      • 2 Replies to jack_baron
      • Vacation trader is ignored for obvious reasons. We all know gold has sold off and miners are selling off too. AUQ has made great forward thinking moves by unloading silver and high cost per ounce mines was brilliant. This is the environment you want cash, no debt and a low cost per ounce. The biggest issue with AUQ is that developing a large mine is expensive and time consuming. They are literally moving mountains. They are in the home stretch and will be done this summer with the hoisting shaft. Even $1500 gold is favorable, as a matter of fact the company uses sub $1500 gold already in there projections.

      • You are right -- someone is trying hard to stop the correction in AUQ relative to the other miners. It still is outperforming by 25%, and every time someone tries to prop the price they are delaying the inevitable ...

    • Deep shaft minning for low grade ore base. Step right up LOSERS! You can own some of that.

3.89-0.16(-3.95%)Jan 28 4:02 PMEST

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