Mate, you are clearly a burnt investor here if you think the share price has anything to do with the deposit, agree on the con note statement though.
Every single low MC exploration gold company with over 1.5 m/oz has been slaughtered in the last couple of years, hence why this period is a contrarian investors paradise.
Whilst I agree some deposits with grades of 1g/t can be uneconomic it depends on the depth of the ore body, strip ratios, overburden to be moved etc. There are some highly economical deposits operating right now in this high cost environment with average grades of 0.6-0.7g/t .
So to say they are all garbage shows you know very little about mining and the economics behind it.
Most companies are operating with an AISC of $1100-$1200 so current gold prices make previously uneconomic deposits highly economical again.
- Forums
- ASX - By Stock
- GBZ
- Ann: Company Update
Ann: Company Update, page-3
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBZ (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.096M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1533934 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 448625 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1533934 | 0.007 |
3 | 1500000 | 0.006 |
3 | 2370000 | 0.005 |
1 | 500000 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 448625 | 3 |
0.009 | 1214150 | 4 |
0.010 | 900000 | 2 |
0.011 | 409000 | 1 |
0.012 | 1060798 | 4 |
Last trade - 16.12pm 14/08/2024 (20 minute delay) ? |
Featured News
GBZ (ASX) Chart |
Day chart unavailable