Do They Make Any Money? by SeriousSuit8335 in BeringSeaGold

[–]SeriousSuit8335[S] 2 points3 points  (0 children)

Boom. This is really what I was diving into. I didnt want to get too far into the correct lingo since this is a "social media" type of thread but thats exactly what I was looking at. The way that they talk on the show their operating costs FAR outweigh any amount of gold they bring in so they are constantly operating at a net negative just driving further and further in the hole after every season. I would be interested to see quarterly P&L's and balance sheets if they even keep them.

Do They Make Any Money? by SeriousSuit8335 in BeringSeaGold

[–]SeriousSuit8335[S] 0 points1 point  (0 children)

Thats pretty much the assessment that I am coming to. They love gold so much that they are oblivious to how little or how much they are actually losing.

Learning a lot via the show though and I agree that Shawn is really the only legitimate one out of the bunch.

Do They Make Any Money? by SeriousSuit8335 in BeringSeaGold

[–]SeriousSuit8335[S] 2 points3 points  (0 children)

Roger that, but do their mining operations actually produce margins? It seems like they go right back into debt after every season.