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6.3¢ white rock minerals limited

last time gold price was sub 60K per kilo, day shift only. quite...

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Izzy79

555 Posts.

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18/07/22

15:02

Post #: 62590537
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Originally posted by 7seven7: ↑

So this mine wasn't profitable/sustainable in the past when the cost of mining was lower than it is today but people think it'll be profitable now with much higher costs/opex, expensive logistics and a falling gold price? lol

Not really a good time to try re-start an old mine when costs are through the roof and the commodity price is dropping. We're seeing production / guideance dowgrades all over the place from other gold miners but people think this mob can get it done? lol

Woof.

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last time gold price was sub 60K per kilo, day shift only. quite a few things different this time.

WRM Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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