Gold Resource Company: Great Growth, Good Dividend, Low Cost Gold Production
January 19, 2012 - David White
Good overview of the company and its current and future operations.
"Apparently the ABN AMRO team that conducted the study disagrees with you."
No, they don't disagree. They used a benchmark of 50% or more from gold revenue. So if a company used in the report had 51% of revenues from gold, 30% from silver and the rest from other base metals, they would have been included in the report.
The cash costs for that company are pretty much the same approach as for GORO, except that the percentages for GORO are different.
Again, the approach to calculating the cash costs are the same. Therefore, the study is relevant.
I happened to notice your profile. Where are you in NYC? I frequently get over there for several days at a time.
Are you a Giants fan?
Maybe we could grab a beer at a place in the City some day?
"One thing you overlook is the variability of the gold/silver ratio throughout a quarter from company to company. Certainly your "per ounce" denominator will be all over the map."
Wow, Engy, you are really desperate to paint this negative picture. Even Natash came to your aid in this.
Again, PM prices go up and down every day. Whether it is just gold they are producing or multiple metals, the issues is no different. Therefore, the study remains pertinent to GORO's cash costs.
You and Natash have provided nothing to prove otherwise.
Bengy, you are a complete idiot.
> no other polymetallic company trots out this Gold Mine study and applies it to their overall operations
I'm pretty sure this is false.
Even if GRC was milling from multiple mines, it is still reasonable to use the study for comparison purposes. A company's overall cash costs are just the individual mine costs in aggregate. I don't know why you are so hung up on that. Probably because you are trying to support your scumbag basher position with lies and innuendo.
>>The study is definitely comparable. How much you want to discount it due to metal proportions is up to you. Discounting to zero is plain dumb.<<
Apparently the ABN AMRO team that conducted the study disagrees with you.