ann: trial mining update, page-25

  1. 8,420 Posts.
    lightbulb Created with Sketch. 945
    peers - lets look at Australian emerging gold development plays:

    MYG 20m
    GOR 23m
    PXG 37m - has cashflow from stockpiles and pits
    TAM 43m
    ABU . . . 82m!!!

    Even with successful trial mining, which will deliver cashflow, dont expect any re-rating in this market.

    PXG is a great example to compare with - it has cashflow, substantial drilling and feasibility studies in the goldfields no less. MC is still only 37m.
 
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