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AuRico Gold Inc. Ordinary Share Message Board

  • crewcoachmike crewcoachmike Mar 22, 2013 3:52 PM Flag

    Ocampo and El Cubo were fantastic sales! Those silver mines are worth way less than we sold them for.

    Silver is over 56-1 to gold. Those mines are worth 20% less than when we sold them on that alone. Throw in the much stronger Mexican Peso since we sold and you get another major hit. The Motley fools don't give the full picture. El Cubo needed extra large CAPEX and Ocampo was way over rated.

    AUQ was using 47-1 silver to gold at the peak and the extra stockpiles at Ocampo were derived from the strike at El Cubo, when the reosources were shifted there. Ask anyone in the industry how great of a deal AUQ got. Just pull up EXK if you want follow El Cubo. It's a joke of a mine.

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