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5.7¢ great boulder resources limited

Ann: VISIBLE GOLD IN RC DRILLING AT SIDE WELL, page-98

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Jeffc11267

1,920 Posts.

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26/02/23

16:39

Post #: 66471502
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Originally posted by Goldbug23: ↑

Westgold and most of the mid tier gold producers are in a spot of bother IMO.

These producers are either making practically no money or are going backwards:
Westgold
Northern Star
St Barbara,
Silver Lake
Ramelius
Regis
Red5
Calidus

Most of these names have low or declining grade which is smashing into increasing costs. I’m expecting many mines owned by these names to shut over the next couple of years. It will be healthy for the gold industry to pull some low margin production out of the market. It’s been too good for too long which gave the signal to spend growth capital on mature mines that are pretty marginal.

New deposits with higher grade like Mulga Bill / Iron bark will be in demand when the producers are squeezed to shut down their cash draining older mines and replace them with newly discovered higher grade deposits.

Grade is king.

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Sounds like a possibility of TO this year

GBR Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $34.73M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.7¢	$998	17.5K

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No.	Vol.	Price($)
1	1002	5.6¢

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Price($)	Vol.	No.
5.7¢	57000	1

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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.057	57000	1
0.058	432724	2
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0.060	500000	2
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