Even at $20 poz in ground (usually inferred value) and 1.4moz gives a market value of $28m. As reserves and indicated the value is around $200 p oz or $280m.
The combined market value of gsr and hrz is a lowly $37m.
This does not account for maybe $50m of declines ventilation and supporting structures.
What gives with the market valuations here?
The AISC of both shows positive margins at a sell price of $3200 aud so why no decision on proceeding to mine?????
GSR Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held