Latest Forum Topics /
CNMC Goldmine
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Goldminer
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dragonboy76
Master |
25-Nov-2016 09:48
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Can smell 30c+....silver already in bear market. if gold follow, many casualties will surface  |
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jlim777
Senior |
25-Nov-2016 09:33
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Total cost and expense at 3q was high because there was production stop. To CNMC, production stop has more negative impact than gold price down. If you calculate for 9 months, total production is 7271.35 +  9807.37 + 6284.68 = 23363.4, total revenue US$ 29,483,058, so average selling price is US$1,261.93. Profit before tax for 9 months is US$14,366,842, so profit before tax / ounce is US$614.93. And total cost and expense per ounce is $1,261.93 - $614.93 = US$647 / ounce. And I am not vested right now. Not short, nor long. I am waiting for the right time to buy.
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dragonboy76
Master |
25-Nov-2016 09:10
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gold 1176 now.... still dropping.. |
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edwinjup
Supreme |
24-Nov-2016 21:33
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Based on 3q result.....rev 8454k...profit 2246k.....so all cost is 6208k....produce 6284ounces......so.per ounces total.cost/fees .around usd$987...
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SuperLuckyCorn
Supreme |
24-Nov-2016 21:19
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Noted with thks.
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Meister
Member |
24-Nov-2016 17:05
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You guys playing forex? Just curious | ||||
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Eagle88
Supreme |
24-Nov-2016 16:20
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gold shows lack of support in asia also...now at 1182.... |
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Eagle88
Supreme |
24-Nov-2016 16:17
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Hi Bro, dont over exaggerated lah...
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edwinjup
Supreme |
24-Nov-2016 13:24
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Plus.all admins ..listing fees..etc...cost.near $1000...
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zandlery
Supreme |
24-Nov-2016 13:20
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When basically all media pessimistic about gold....now exactly is the time should think about why gold price drop.
There are many example in the past when everyone say this way......actual things go the other way. Time to consider whether there are any reason for the quick drop and whether it make sense...... |
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FreedomAngelz
Veteran |
24-Nov-2016 13:13
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If we use $750 as the all in cost per oz and $1150 average market price for Q4 with 2000oz mined in Q4.....that' s about US$800k profit still for CNMC which will gives a poorer performance YoY. |
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dragonboy76
Master |
24-Nov-2016 12:58
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Gold price lower means lower profit margin. Nothing to do with all in cost
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zandlery
Supreme |
24-Nov-2016 12:54
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Gold price shouldn't be include in the all in cost ba
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CraigFoo
Elite |
24-Nov-2016 12:33
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Be careful of those who keep coming in to update you on the fundamentals of CNMC. Price action is telling you to short or stay out. I have been saying this since 0.54.
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Eagle88
Supreme |
24-Nov-2016 12:22
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Base on Q3 cost, should be around 700++... less restarting cost due to SWO ...
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dragonboy76
Master |
24-Nov-2016 12:20
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* higher all in cost | ||||
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Eagle88
Supreme |
24-Nov-2016 12:20
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Gold price now is really on downtrend...unless demands from Asia pick up more than NY sell off...it's going down more than up once a while due to rebounds....just DYODD and monitor closely on gold price all other factors being equal... | ||||
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dragonboy76
Master |
24-Nov-2016 12:19
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Lower gold price, remaining payment for extended concession. All these lower down the all in cost
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Eagle88
Supreme |
24-Nov-2016 12:15
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So fast already know Q4 result uninspiring....May be just base on gold price ?
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SuperLuckyCorn
Supreme |
24-Nov-2016 11:14
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oh..that' s fast. Early in the morning, they push down too fast. Expect to recover a bit. (Parental Guidance required)
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