"With a roughly 5.9 million ounces of contained gold which may increase 15 million is chicken feed"
Not "may increase", it "will increase" . There is a lot more gold on the JV ground plus a lot more gold from the 100% held GOR ground and it will continue to grow for many years.
I thought management did well in the original negotiations when it was agreed that Goldfields would be solely responsible for the first $50m of any cost over runs.
The property and plant looks mighty impressive and congratulations to all concerned for a remarkable construction. As you say diver, the $15m is chicken feed on a project of this calibre.
Ann: Gruyere Gold Project Update, page-5
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Last
$1.93 |
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Mkt cap ! $2.086B | |||
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