“The company is looking into the viability of processing 2 million tonnes of previously mined material on existing heap leach pads to deliver early cash flow, an objective that is supported by the presence of third-party toll treatment facilities within trucking distance at Thalanga, Charters Towers and Mt Garnet.”
When I said a CR couldn’t be ruled out I’d forgotten about the leach pad processing. CNB is doing something similar with its old tailings which they’ve recently sold to a 3rd party milling company for cash and a NSR. These two businesses have a few common threads, including being two of my largest gold holdings (need to update my sig having recently bought more GNMOF).
If they can process/mine the leach pads that would deliver near term cashflow facilitating further drilling campaigns without the need for a CR/ dilution. Nice
“The company is looking into the viability of processing 2...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.164M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 97360 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 34299 | 1 |
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| Last trade - 16.12pm 19/06/2025 (20 minute delay) ? |
| GNM (ASX) Chart |
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