another small gold miner in trouble

PSV has announced to ASX today it is speaking with advisors due to underground mine delays, lower grades and cost blow outs. Shares -25% this morning. PSV has 2 mines in Victoria, on a main highway, near a town, with grid power, and a reliable workforce.

Whats the point i am making? Simple. Its a tough gig underground mining, and difficult for small co's to make a success.

PSV say they have fabulous exploration potential too, and a plan to go to 200,000 and possibly 300,000 ounces gold output per year.

Imagine being in remote outback Australia, with fly in out costs, remote area premiums to keep employees. What sort of cost blowouts can be there???

Be careful. Always do your own independent research.