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666 Posts.
97
05/05/23
21:16
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Perhaps
What is the MS mine worth in care and maintenance?
It is a liability.
It costs money.
However, it is an asset at the same time if;
a buyer or higher gold prices coupled with funding to continue mining.
Issue was wo fold; grade of material being recovered from the dyke vs., recovered at Gekko, and secondly funding further operations.
The ramp up cost too much, but the return was negative.
Lucky that most of the value of WRM is in the Alaskan Projects.
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