Mate, you are clearly a burnt investor here if you think the share price has anything to do with the deposit, agree on the con note statement though.
Every single low MC exploration gold company with over 1.5 m/oz has been slaughtered in the last couple of years, hence why this period is a contrarian investors paradise.
Whilst I agree some deposits with grades of 1g/t can be uneconomic it depends on the depth of the ore body, strip ratios, overburden to be moved etc. There are some highly economical deposits operating right now in this high cost environment with average grades of 0.6-0.7g/t .
So to say they are all garbage shows you know very little about mining and the economics behind it.
Most companies are operating with an AISC of $1100-$1200 so current gold prices make previously uneconomic deposits highly economical again.
Mate, you are clearly a burnt investor here if you think the...
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Sellers (Offers)
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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