GOR 0.30% $1.66 gold road resources limited

Ann: Quarterly Activities Report - December 2023, page-4

  1. 11,677 Posts.
    lightbulb Created with Sketch. 6069
    Hmm...

    Is this what $12m in exploration gets you these days?

    https://hotcopper.com.au/data/attachments/5919/5919467-4033fea45d7cf47b11741ac42f1aacf4.jpg

    GOR having a tough time of it.
    I think the main reason for the market treating GOR with such disdain, is.... that Gruyure was supposed to be one of the lowest cost AIC open pit mines in Australia, but... when the AIC hits $2400 AUD, its.... not low. The likes of RMS/SLR & WGX are doing that or even better (some much better).

    The labour issues seems to not be fixed yet either, which they admit they have been battling with for 6 months already!

    Hard to be excited about GOR in the short term redface.png
 
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