GSR 0.00% 1.1¢ greenstone resources limited

I will just play the devil's advocate. The decline development...

  1. 2,467 Posts.
    lightbulb Created with Sketch. 415
    I will just play the devil's advocate.
    The decline development started at the beginning of May 2021.
    The first 20,400 tonnes was milled early Jan '22, so there is a large cost in development.
    The agreement was to mine down to level 3, maybe FMR was trying to recoup development cost.
    The grades improved slightly with each campaign (1) 0.90 g/t (2) 1.48 g/t (3) 1.71 g/t.
    The last milling 24,000 tonnes for 1321 ozs * $3,000 = a$3.96m gross.
    The final number's from FMR for the trial would be interesting.
    Also FMR had an option to mine Burbanks Nth a few months earlier, hopefully this will be mined shortly.AIMO.
 
watchlist Created with Sketch. Add GSR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.