Introduction
Investors in mining companies usually have the choice between two strategies. One could invest in a low-cost producer which should be able to survive downturns thanks to a relatively high buffer between production costs and the sales revenue per produced unit. But one could also invest in companies with a higher average production cost which should theoretically result in higher returns when a commodity price increases.
Capstone Mining (OTCPK:CSFFF) belongs to the second category and in an article that was published in September last year, I said Capstone appeared to be an