CGX 0.00% $2.72 cga mining limited

News: CGA achieves record production in May , page-3

  1. 3,352 Posts.
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    If they can maintain ore throughput, indeed expand on it after the 10 mtpa plant upgrade, I don't see why not, Z.

    At 0.7 gpt cut-off they have a M&I resource of 3.1m oz at 1.14 gpt average grade.

    This grade compares with head grade in May of 1.15 gpt. So 20k monthly production is clearly sustainable for many years to come... it's not like they were high-grading last month.

    Maybe we need an inaugural dividend to give the share price a lift... 5c/share final yr divi would go down well.

 
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