BC8 9.38% 29.0¢ black cat syndicate limited

Ann: Quarterly Activities Report and Appendix 5B, page-3

  1. 5,194 Posts.
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    Good decision to toll treat ore from Myhree/Boundary while the gold price holds up, and especially in a rising inflation environment, because the cost to build a new mine has just gone up by 25% or more, and will keep rising as inflation further kicks in. It's better to get some revenue from the toll treatment option in order to pay for the refurbishment of Coyote and Paulsens without having to hit shareholders or get debt to do this. This is prudent management decision making in my opinion.

    Gw
 
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