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4.7¢ vango mining limited

Ann: Bonanza Gold Intersections from New Zone at Marymia, page-12

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CashedUpBogun

8,323 Posts.

907

02/01/20

19:44

Post #: 42200066
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Originally posted by kori: ↑

CUB because they are losing money, they are running out of gold..average grades are less than 1.8 g/t with high extraction costs causing losses however they do have a 'plan':

"Third quarter production was negatively impacted by the necessary decision to focus on the long term plan and the need to establish sufficient development to enable execution of the plan"

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yep they are in the red, but have plenty of resources and reserves to exploit. Plutonic is a tough place to mine but I think the plan is sound

compared to peers, VAN is a complete outlier. What are your thoughts on why kori?

VAN Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
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