The last quarter BGL produced at $3,124 an ounce and VAU at $2,533 which was $600 cheaper. While in theory higher grade can lead to lower costs it's not always the case as mining and operational performance can be variable. I stand by my view that shareholders don't need to be spending billions on the potential value of as of yet unproven mine. VAU has enough on its plate already.
GLTA/IMHO
VAU Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
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