GOLD 0.51% $1,391.7 gold futures

Marooka Mik BDR BDR AISC is around 900usd. The reason it took a...

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    Marooka Mik

    BDR

    BDR AISC is around 900usd. The reason it took a jump is they had a unusually long and heavy wet season at the mine sight. The main pit was too wet to mine with the new bigger vehicles and so they put the lower grade stock pile through the mill. As the stockpile was of lower grade ie about 1.1 grams p/ton the AISC went up.

    They have now been mining the high grade pit for a couple of months and so the next quarterly will probably be very good. The SP was smashed by the perennial shorts on BDR and was often of 50% every day for months because of the poor quarterly due to the rain. Because they will have a good quarterly and the SP has been smashed they are looking like a good buy. Ten year mine life at least and money to explore is seeing this company continually increase their reserves. They have another high grade pit within trucking distance to the current mill.
 
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