I would prefer to see the mines sustaining capital increase every single quarter going forward, keep expensing capital investment to maximize current cash flow..remember northerstar stripped plutonic of rolling stock when they sold mine and since that time plutonic never made enough profit to replace all the necessary mining equipment northernstar removed. We need dump trucks, excavators and loaders so we don't get sued by hauling contractor again. Everything in house. Same for exploratory drilling. Do the lab at plutonic need investment to turn around core samples quicker? There is a bunch of open pit ore at hermes/hermes south that grades like 1.4gpt and is ready to go...use this muck in bryah basin and from plutonic underground to fill first mill to 1.8mmt/yr for next 18 month...once 1st mill is full and watch aisc plummet. Also upside is potential for grade at plutonic to increase dramatically...15m of 52gpt gold at Indian access....
I would prefer to see the mines sustaining capital increase...
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Last
$2.90 |
Change
0.110(3.94%) |
Mkt cap ! $654.7M | |||
| Open | High | Low | Value | Volume |
| $2.75 | $2.94 | $2.72 | $2.647M | 918.0K |
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| No. | Vol. | Price($) |
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| 1 | 3000 | $2.89 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 96995 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CYL (ASX) Chart |