These comments are pathetic and just blatant down ramping.
Everything is already known and factored in....
Targeting 135koz gold production from 2022
o Capex A$140 million
o Gold production 1.0Moz
o AISC A$1,220/oz
Gold price would have to more than halve from here for us to break even.
Bardoc is progressing discussions with off-takers for Gold Concentrates
➢ Gold Concentrates a burgeoning market:
o Strong demand from smelters across China, Japan, Korea and India
o Low deleterious mineral concentrates in high demand
➢ Australian operations currently conducting concentrate sales:
1. Evolution Mining – Mount Carlton, QLD (ASX: EVN) MC of 9.8 Billion
◼ >100kozpa production, operating since 2013
◼ Concentrate shipped to China
2. Mandalay Resources – Costerfield, VIC (TSX: MND)
◼ >20 kozpa production, operating since 2010
◼ Concentrate shipped to China
3. Diversified Minerals – Dargues Gold Mine, NSW
EVN.ASX has a market cap of 9.8 billion
MND.ASX has a market cap of 1 billion
This can only get better with DFS and drilling
$250K Director Buying On Market, page-17
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