I used DFS figures 2 years ago because this was the figures put out by GXY in their APRIL 2017 presentation.
http://www.asx.com.au/asxpdf/20170504/pdf/43j0x935853c09.pdf
If we all have 2017 DFS, sure.. I'll revisit my position on its mine life.
Yes, I agree that it was shut in 2013 onwards however it was mined in 2012, and those were figures used.. maybe they simply dusted off the report.. changed the date and made it 2015 DFS.. who knows.. I don't have full copy of it. but given what a few brokers/analysts have commented with increasing price pressure,... 2.5 years sounded reasonable.. and a new DFS should be completed and compare to market price. If OPEX is higher than market price.. it's not economical anymore.
DYOR - you don't need to convince me.. I have done mine.....and it's 2.5 estimate - please put your figure on mine life.. is it 10 years?? 20 years??
please put your figure on mine life.. is it 10 years?? 20 years?? and your own opinion on why it's 10+ years...
