"The ROI would require someone to buy it for les than ~ $20m and pray like hell the gold price holds up for 3 + years.'
Or maybe instead of praying put in hedged positions on both gold and oil for three years of mining , would require a well capped company to do that , as would also need to change the mining plan , and run their own trucks 200 tonne minimum payload instead of 100 tonne (777s) instead of using contractors and run a far bigger excavator on the waste rock . Company like CMM could probably do it .
An accountant or Mining engineer running the company has a different strategy from someone who just knows how to drill holes and look at assays
- Forums
- ASX - By Stock
- Ann: Administrators Appointed
"The ROI would require someone to buy it for les than ~ $20m and...
-
- There are more pages in this discussion • 143 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAI (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CAI (ASX) Chart |
Day chart unavailable