Spec like you I think Gold will go higher however history has proven that I'm not always correct, so I'm OK with this outcome in $ terms & quantum as locks in a good margin of profit assuming ASIC <$1k. Thankful to see that we now have late November timeline for finalisation of debt facility indicating that things are progressing smoothly. I believe that final debt deal will see the SP begin to improve then real re-rate kick come production. IMO the main game for emerging developers is all about well managed project development and hitting targeted process/production outcomes ASAP. So far, GCY is doing very well indeed.
Ann: Gascoyne Capitalises on Strong A$ Gold Price, page-8
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