AUD$1.86m loss for last qtr, and now $5k left in the bank ... with poor weather continuing in Feb-March as still in wet season. AISC of $4+ k again, so operating at a loss, with poor feed volume.
Depend on the entitlement offer to continue operations, as now 3 qtrs of back to back losses.
At capacity AISC $2k ,and 5000oz a qtr, gold price $3.5 ... earnings of $7.5m qtr possible.
Good to see exploration and plant feed planning close to Georgetown plant (Big Reef @3g/t) with 3rd party local feed.
Ill still participate in EO but not robbing the piggy bank here. Low stress, low investment.
Merc Out
AUD$1.86m loss for last qtr, and now $5k left in the bank ......
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.714M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 118950 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 31667 | 1 |
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| Last trade - 11.44am 22/05/2024 (20 minute delay) ? |
| SVG (ASX) Chart |
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