Looks good indeed.
At a guess, perhaps 500m of decline. $8-10m which hopefully includes the costs for the U/G drill platform etc?
Any thoughts on a reasonable timeframe to complete the decline?
If they get permits by say June...? (3 months from start to finish).
Also... just throwing it out to all holders, IF... IF GCY do actually hit the exploration target, then they will be sitting on a very large amount of profitable gold. Could be mined at rates as high as WGX Bluebird? 4.5g/t - 600ktpa = 87k p.a. Just from the U/G.
Tack on the 2.1mtpa at perhaps 1g/t and you get 68k, or... at 92% = 142,000 ounces per annum.
All pure... speculation until the ounces are locked in as reserves, but... I guess as always, GCY has offered substantial upside IF the gold is found.
Looks good indeed.At a guess, perhaps 500m of decline. $8-10m...
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Last
83.0¢ |
Change
-0.015(1.78%) |
Mkt cap ! $916.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 2988 | 83.0¢ |
Sellers (Offers)
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| 83.5¢ | 38110 | 3 |
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Last
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Change
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| Last updated 15.59pm 14/06/2024 ? | |||||
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