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

G1A

Click for more information

0.00%

5.9¢ galena mining limited

So TJ's and AM's real skill set all along has been to...

First 14 Last

Share
Profile

Follow
rendog9

1,367 Posts.

309

13/01/24

10:24

Post #: 71861536
Share

Originally posted by plough: ↑

From memory there was two down grades in the extractable Pb grade achievable in the last 18 months , one downgrade was specific to a particular ore zone in the mine they mined early they tried to compensate by increasing throughput over name plate (GR engineering tend to build plants that are conservatively rated)

It seems the initial drilling was not at close enough spacings in that zone ,

The plant was supposedly built on budget even with covid .

If you read the Sept 4c quarterly it shows production costs half of sales , a strong indicator they have a viable project , but that obviously was not the case , I suspect many C1 costs were put in the C2 cost category to make it look good .

Expand

So TJ's and AM's real skill set all along has been to deceive, mislead, hide, exaggerate etc etc..

G1A Price at posting: 5.9¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 5 more messages in this thread...

First 14 Last

Add G1A (ASX) to my watchlist

SPONSORED BY