X64 ten sixty four limited

Ann: June 2020 Quarterly Report, page-5

  1. 11,148 Posts.
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    Financials look OK (despite the high AISC) given the high gold price, and they are building up a useful cash balance that will have to be spent on building a decline to be able to access more ore - current reserves run out in under 3 years.

    Unfortunately due to COVID they are unable to proceed with the decline.

    The cash build will need to be hoarded, rather than distributed, until the decline is built.

    I wonder why the CEO left.

    GLA.

    loki
 
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