Share
4,010 Posts.
lightbulb Created with Sketch. 350
clock Created with Sketch. 31/07/20
16:02
Share
Originally posted by BBBster:
↑
I'II start by stating I don't have any shares in this company, though had a few when it was BLK. Seems like many obstacles to producing gold at reasonable cost with this company. Done a great job corporate wise, rebranding & share consolidation, wondering if one of the motivations could be to raise $ down the track mmm. Anyway they have had a few 'excellent' & 'outstanding' drill results in recent months but my concern is whether the processing plant is up to the task of extracting the gold efficiently & cost effectively & just a small observation, most if not all presentations are pretty much devoid of closeup or clear pictures of the CIL plant, mills, crushers etc, instead focusing on on a mining pit, dump truck or drill rig. Maybe I'm just nit picking. However good luck to current shareholders hoping the gold price keeps shooting the lights out. dyor
Expand
W@hat a quarter. Actually losing about $500 per oz. produced. Woh! But quite good drilling results, but not great. Cash burning fast. Quite a number of whammies at once. Sept Q will be much better, it seems, but nothing to write home about.
