It makes perfect sense to stay away from GCY. Its not the right fit for RMS at this stage. GCY's low grade ore has pockets of deleterious elements. They are mining sub 1 gram and recovery in the mid 80s. No thanks.
Stage 3 is not the preferred option for GCY, with preference of FFR resources being trucked in. Hub and spoke set up to keep it going.
GCY either secures higher grade ore or gets taken over. And the new owner will get the mill at cost but the liability of feeding it. A lot of capital will be sunk to get it running well.
It makes perfect sense to stay away from GCY. Its not the right...
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |