Managing costs at Posse was a priority with current IO prices and they appear to be doing whatever they can to reduce costs. Announcement also mentions that Posse is maintaining profitability, glad to see that. Another Posse cost reduction should be able to be implemented, on a decision on the Fines testing. Looking for those testing results/ decision prior to the Hong Kong presentation.
Jurueana....still early but encouraging for me.......but probably not for GZ
Borborema.......it should be getting closer to bite the bullet time and make a decision on whether to go ahead with a revised mining plan to take it into production,or shelve it until gold appreciates in price. Guessing an AISC figure ~$700 may get it over the line.
Cheers.
CAS Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
