I've had this discussion with Perseus CEO before Wrt gold. I asked whén the Au price is high is it 'high grading' by taking out the higher grade material which may leave the rest less or non mineable later. He said - You generate more cash and profits at the higher price.
It's management call. Yes, at present were pretty desperate.
Ann: Update on Mt Gordon Copper Payment, page-60
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Last
43.5¢ |
Change
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Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
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