A bit disappointing to be honest.
Imagine if gold price was 1800 US per ounce (or lower).
My inclination is to give it two more quarterly reports, and if it isn’t 6 Mtpa @ 0.8 g/t or better, time to release capital for other investments.
I think it is worth hanging around at the moment if you can, especially if gold stays around 2400 US:
Imagine 100,000 ounces at AISC of 1200 US at that POG- 180 million AUS profit in one year.
One can dream I guess.
At any rate, they are unlikely to become insolvent (like Calidus), and there will be no more CRs (Bellevue Gold anyone?).
Jamie: I will give you a C plus. You can do better, especially with the comms.
A bit disappointing to be honest. Imagine if gold price was 1800...
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