Great upbeat announcement indeed... but lacking in detail somewhat.
500,000 ounces of gold produced
$650 million capital raised from shareholders
$250 million worth of losses delivered to shareholders.
$500 of capital loss delivered per ounce of gold produced.
Let's hope the next 500,000 isn't as disastrous.
By comparison.
I note that TBR/RND are also approaching their 500,000 ounces of gold produced milestone, but at...
$29 million capital raised from shareholders.
$158 million worth of profits delivered to shareholders.
$330 of capital gain delivered per ounce of gold produced.
And I'll bet a dollar that you won't hear a peep out of 'em.
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