So this mine wasn't profitable/sustainable in the past when the cost of mining was lower than it is today but people think it'll be profitable now with much higher costs/opex, expensive logistics and a falling gold price? lol
Not really a good time to try re-start an old mine when costs are through the roof and the commodity price is dropping. We're seeing production / guideance dowgrades all over the place from other gold miners but people think this mob can get it done? lol
Woof.
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- Ann: Morning Star Gold Mine Readies to Rise Again
Ann: Morning Star Gold Mine Readies to Rise Again, page-16
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