"Not denying the dirt is not prospective, but... at the pace GBR drills, we could be waiting a long time to see anything."
Hi @speculator101 Recent drill results by GBR are disappointing , for investors , (maybe Andrew sees something we don not ) which has slowed down the rate at potentially increasing the economic ounces IMHO , not managements fault IMHO as that is part of exploration , if the results had been good sp would be higher and we would all be happy with progress .
Maybe time for GBR to change tack and look at monetising ounces rather than increasing ounces as the prime objective ?
With MEK a small plant would be ok if processing high grade ounces as you infer , which likely be from Andy Well UG . But given Doray did not continue at depth what makes you have any confidence it would be economic to mine going forward ?
Yes I have read the feasibility study put out by MEK found the costs per BCM for the open cut seemed to low so I am not confident about the figures used for the UG , and UG has more variables that need to be known than with open cut .
As for the two open cut pits MEK has , they seem to have far higher strip ratio and far lower grade than what GBR would have (my own calculations) , so would think GBR has the advantage for any toll treatment agreement over MEK and OAU for the same reason has an advantage over GBR .
I am not a professional miner so quite possible totally wrong on my assumptions .
- Forums
- ASX - By Stock
- GBR
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBR (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.0¢ |
Change
0.002(3.45%) |
Mkt cap ! $36.37M |
Open | High | Low | Value | Volume |
5.8¢ | 6.0¢ | 5.8¢ | $37.94K | 634.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30792 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 261919 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30792 | 0.058 |
1 | 180000 | 0.057 |
1 | 178571 | 0.056 |
2 | 42272 | 0.055 |
1 | 925925 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 261919 | 3 |
0.061 | 251490 | 2 |
0.062 | 106060 | 2 |
0.063 | 8065 | 1 |
0.064 | 150000 | 1 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
6.0¢ |
  |
Change
0.002 ( 1.69 %) |
|||
Open | High | Low | Volume | ||
5.9¢ | 6.0¢ | 5.8¢ | 102014 | ||
Last updated 15.57pm 05/06/2024 ? |
Featured News
GBR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online