Anyone who thinks this is a good announcement are clearly blind
Gold Valley do not own or operate a mil. They have to secure a mill first and are effectively the middle man. The closest mill is Marvel Loch which probably needs more tonnes but I doubt that will come cheap.
The poster above who said CLZ will get 157m?? That's ignoring all costs.
There is no mine plan or pit optimisation so the costs of production for such a simple and small operation will be higher - what is the LOM AISC??? The LOM AISC will now increase ~30% because it's toll treated (Minjar/Marvel Loch will also want a share of profit for processing the kat gap ore)
Interesting how they try to ignore the elephant in the room - what happened to the Gecko? Over $6m spent and it isn't even going to be used? Who's the winner in this situation?? Chloe Ribbarich via GPE and her extended Doutch family who just received $6m for something that isn't even going to be used.
- Forums
- ASX - By Stock
- CLZ
- Ann: Classic secures $10 million to take Kat Gap to production
Ann: Classic secures $10 million to take Kat Gap to production, page-31
-
-
- There are more pages in this discussion • 208 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 CLZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.544M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CLZ (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online