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Ann: Response to ASX Aware Letter, page-88

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dazaliam

6,163 Posts.

2001

05/08/22

13:27

Post #: 62945689
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Originally posted by ozblue ↑

@manny100 .. nobody is claiming the gold isn't there, what is the question for me is how much does it/will it cost to extract in the new environment of much higher input costs and lower Gold prices.
It's very possible that at current prices it isn't viable to remove all the tailings and overburden then mine the pit. We simply don't know what it will cost to get to full production, then the operating costs from there.

After the stuff up this year and the answers to the aware letters, I don't have any confidence in whatever numbers will come from the current management/BoD.

What reason is there to trust any new numbers they come up with? That is a serious question, because IMHO when you burn the market, regaining trust is very hard. Would you trust them enough to put in more of your money just on their word about it being profitable next year??

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"Development activities at the MSP advanced well during the quarter with waste stripping largely complete allowing for initial ore blocks to be scheduled for mining in the September quarter. "

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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