To simplify my long flowing, fairy story: GCY was priced in the market based on a certain resource (at 1.3 g/t). We find the resource is actually 0.9 g/t. Or.... has the new mine plan found that the tonnage was untrue;
because I say, if the tonnage is true, but it is lessor g/t, a POG increase can make up for the lessor g/t; but if the tonnage is not there, then there is not really a gold mine; I wonder which it is.... a high cost, low g/t MINE... or a single pod of gold that was never economical
note that Evolution makes a motza with a resource under 1 g/t, because it is THERE and BIG and CONSISTENT and mined very, very efficiently
Ann: Administrators Given Additional Time to Restructure, page-6
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Last
$1.90 |
Change
0.005(0.26%) |
Mkt cap ! $2.428B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.95 | $1.89 | $28.16M | 14.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 345 | 1 |
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| Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
| SPR (ASX) Chart |