G79 0.00% 2.7¢ goldoz limited

Have any of the negative nellies here actually read the...

  1. 19,186 Posts.
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    Have any of the negative nellies here actually read the announcement?

    1. 460 alluvial carets out of 2683 tons of material processed. That is a yield of 17.1 carats per 100T. At US$300 a caret that is US$138,000 so far.
    2. The plant is fully commissioned and will be ramped up to 525T a day in November. That is a production yield of 90 carets a day or US$27K a day. Just running at this level for the next year will yield almost $10 million.
    3. They have found alluvial rubies at two more locations.

    MUS will be able to run their operations for as long as they like at these levels without further cap raises (we will have cap raises to fund the expansion).

    The only amazing thing is the SP is still at 3.1c. The market in these small caps is not efficient.

    Edit. Looks like I spoke too soon - the people that sold out at 3.1c yesterday must be feeling pretty clever right now.
    Last edited by Davisite: 26/10/16
 
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