I lost a little bit but pulled out when I started to see the tonnage per month stoped out was too low to be sustainable . The problem is the ore bodies while high grade are difficult to extract economically due to not running vertical to sub vertical but rather more on a steep degree angle from the vertical similar to tubular can (or what ever its name is ) further south ..
Add to the fact the ore bodies are often narrower than 1.5 meters then dilution becomes a big issue in the crosscuts
Then because the ore bodies pinch and swell so much it is difficult to prevent dilution also when drilling out a panel above.
Also rather than being in a single block the ore is in many different lenses which means a lot of expense spent in development drives for each lens .
As mentioned it is free milling but that is not such a big advantage with modern technology.
Maybe You can work out the economics of this by looking at how much gold NC and crew extracted then look at their costs , I am not prepared to submit a figure.
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Mkt cap ! $9.024M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $2.462K | 164.1K |
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No. | Vol. | Price($) |
---|---|---|
6 | 402078 | 1.5¢ |
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Price($) | Vol. | No. |
---|---|---|
1.7¢ | 160000 | 3 |
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No. | Vol. | Price($) |
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6 | 402078 | 0.015 |
4 | 285349 | 0.014 |
1 | 500000 | 0.013 |
3 | 286439 | 0.011 |
1 | 361105 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 160000 | 3 |
0.019 | 33003 | 1 |
0.020 | 9000 | 1 |
0.021 | 20000 | 1 |
0.022 | 100000 | 1 |
Last trade - 15.09pm 07/08/2025 (20 minute delay) ? |
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