Australia's largest stock trading and investment forum Australia's #1 stock forum

X64

Click for more information

0.00%

57.0¢ ten sixty four limited

If you believe gold is headed to under $1000 USD an ounce, why...

First 11 Last

Share
Profile

Follow
bilsto

1,308 Posts.

48

26/08/15

10:40

Post #: 15877141
Share

Originally posted by loki01 ↑

worzel

Well done - you are the first poster here to finally hit the nail on the head. Biggest problem was that the ore hoisted was not all being milled - 20k tonnes hoisted more than milled. Had they milled that stuff they would have produced another 3,800 ounces which would have meant their total production would be higher while actual cost per ounce would have been lower.

I was gonna write up some thought yesterday on the situation but my brain is out of action these days. Milling grade improved a bit which was also great to see.

The mill being out of action for over 20 days in the quarter and when in operation producing well below rated capacity.

Good luck all - we goldiebugs are gonna need it as the gold price heads to somewhere under USD1000/ounce (ouch).

loki (ex-MML speculator)

Expand

If you believe gold is headed to under $1000 USD an ounce, why on earth are you holding gold stocks?

MML Price at posting: 52.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM

PAM secures high-grade Chilean copper play in strong territory

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

There are more pages in this discussion • 1 more message in this thread...

First 11 Last

Add X64 (ASX) to my watchlist