The QTRLY says it all
Higginsville,if production oz drops much further the company may be paying to sell the gold,
current plans ex pres say 125koz from 875kt mined ore 2015
120koz from 1050kt processed says all up costs to handle and process will rise by near 20% the following year on lower grades.
The following year grades once again continue to fall with 1g/ton ore planned to be added.
SKO depends on making HBJ underground successfully expand to the required tons and contract milling continuing.
MLX have shown they will buy milling feed to fill that if they have to and obviously they DO to help hold processing costs down ,keeping per ounce costs artificially low and keep existing staff employed.$500K paid for a possible $3-6m return on the latest pit deal.Unfortunately I read that deal as all handling and pressing to be DONE AT COST without a margin,other than profit share.
So far only showing declining production and mill grade against rising per ounce costs.
DYOR + DYODD No amount of presentations will keep the share price up until there is a rather visible positive change in economics and a viable example of new management dramatically changing these,with ACTUAL production oz upside instead of downside from existing operations.They did buy end of life operations at an appropriate high price given closing costs.They are not NST and I think NST got the best deals for the $ they spent on their purchases as seen by their rising production and higher grades currently being milled.
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The QTRLY says it all Higginsville,if production oz drops much...
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