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2.15% 9.5¢ neometals ltd

breaking out, page-6

  1. Lefevre
    9,786 Posts.
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    24/09/12
    16:22
    Post #: 10763515
    Thanks for your input CashedUpBogan.

    However, MLX, Hiscock, AMP, myself and others disagree.
    So does barclays who are lending them $20 mil.

    The first 100,000 ounces p.a. will be mined open pit. In fact the majority of the resource is open pit. Stage 2 which will increase production to 150,000 ounces p.a. is underground.

    Estimated cash costs are $865 an ounce. With the gold price at $1700 an ounce I would say they have quite a big buffer !
    NMT Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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