29M 1.19% 41.5¢ 29metals limited

Ann: Appendix 3Y (P Albert), page-22

  1. 594 Posts.
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    Golden grove is approx 2/3 of 29M revenue and it's currently operating with AISC of circa US2.79 (from last annual report). Zinc as by product is also shooting higher and gold is at elevated levels. Golden for me is the Golden egg and is profitable.

    Capricorn will partially start operating in Q3 23 according to the company. So two of the three pits will be operational. The third and largest pit will commence mid 2024.

    Market still getting to grips with the above, which to me is all positive. Once the insurance recovery is announced and partial start up confirmed this will fly

 
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