We shall see this morning, However Equinox have stockpiled ore and the mine is due to be operational in this quarter. That is gold pour. Gold sales are immediate returns and the start of payback.
Comparisons with other Aussie companies that have ventured into Canada or other overseas gold mines ignore the fact that GOR will be a minority owner. The mine and production will be managed by Equinox. GOR are not able to buy more than 20% of DEG (ignoring the 3% bracket creep) and DEG are still years away from production, with a management team that have little experience building and running a major mine.
GOR has significant money in the bank and a cash flow earning bank interest rates. Not the best way to operate.
Canada is a tier 1 nation unlike others that charge off into Africa or South America.
We shall see this morning, However Equinox have stockpiled ore...
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Last
$1.59 |
Change
-0.015(0.93%) |
Mkt cap ! $1.722B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.60 | $1.55 | $6.330M | 4.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34375 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 15853 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.59 |
Change
-0.015 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| $1.55 | $1.60 | $1.55 | 825978 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| GOR (ASX) Chart |