agreed - everything's stacked against it: size, complexity, high cost per mining unit, rising fuel costs, labour shortages, geographic isolation - current management is just the coupe de grace.
Struggling and failed gold miners are an interest topic of mine. Narrow-vein and/or high nugget orebody miners weigh heavy in this category - Norseman is a good example.
IMO these orebodies make good satelite deposits - much higher risk if supporting an entire operation. Unless the gold price sky-rockets off the scale - I don't see much hope of success.
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $69.33M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.0¢ | 5.7¢ | $81.63K | 1.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 283116 | 1 |
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| Last trade - 15.06pm 22/07/2025 (20 minute delay) ? |
| TAM (ASX) Chart |