Interesting. Lowering cut off grade is making the most of the asset when gold price is high. That plant can handle it, its been running above nameplate for years.
EVN sold Cracow not because there was anything wrong with it. They sold it because their hands are full with Tier 1 projects in the pipeline. Specifically Cowal and Red Lake, these are massive mines to develop into Tier1s. Possibly Mungari too when the time comes.
Cracow although a great little operation had the least potential to become a tier 1 mine in comparison to their other assets and therefore made the least contribution to NAV. If memory serves me well, it only added less than 10c to EVNs $5 NAV but for AIS that was only 2.3c pre Cracow acquisition; makes it a very promising value accretive acquisition.
EVNs Cracow under-investment is and will be a boon to AISs. See Post #: 49178757
10c party, page-28
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $217.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.8¢ | 21.5¢ | $464.4K | 2.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 245097 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 153347 | 3 |
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| AIS (ASX) Chart |