Besides other factors like geology, economic boom labour cost etc, grade is king. I don't know the strip ratio but if they can concentrate on better margins with the UG ore body, Pearl Cryodon can be left to a later date when we have more more stability and higher POG.
Who knows when the POG will resume its bullish rally but it is very much dependent upon our 2 bug northern neighbors US and EU. Yesterday's Draghi speech is setting back POG a bit with talk of more QE stimulus with anemic inflation and now lots of talk regarding Yellen's speech on US economic recovery.
A patience game with gold producers and if ORS can continue operations with some margin to keep going on then I see it as a win for every one.
Besides other factors like geology, economic boom labour cost...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)