GBZ 9.09% 1.0¢ gbm resources limited

Ann: Company Update, page-2

  1. 1,188 Posts.
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    Eugenia: garbage (1.1g/t)
    Yandan: garbage (1.0g/t)
    Illamahta: garbage (0.8g/t)
    Twin Hills: 50% garbage (1.1g/t)
    White Dam: garbage (0.7g/t)

    We may have 2 million oz resource but the vast majority is uneconomic in the current high-cost environment. Only around 900k oz worth mining. Plus we have the parasitic con notes. No wonder we are sitting at 3 cents.

    https://hotcopper.com.au/data/attachments/5181/5181313-d457d7b78994c6b0b8ee68245a6e406a.jpg
 
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