Im going to upset
@GCar here but i have to say i dont think the company can run anywhere near 4 years.
In fact if it was not to sell anything it can probably run on C&M for 3 years.
C&M Mt C would cost about $4m a QTR based on 15% of mine costs are fixed as per SH. You cant just up and leave the mine. It has to be maintained as does the plant.
Corporate is running at around $6m a Qtr which i have always said is very fat. Marketing would go out the door so plenty of savings there.
If not operating you would still want yo add value to resources through a bit of exploration. SDV? Would at least need to do test work.
Do i think we will go on C&M? - absolutely not.
For a few more $ can maintain a small production, a further scaled down version of talked abt at the presentation by SH.
They have made MT C probably the 2nd lowest cost mine with further improvements with creek diversion. Will add an optical sorter so can work through 1.2m (yes million) tonnes of mined ore.
Whats annoying alot of non holders and ex holders who’s reasons for being here i have yet to fully understand is that GXY is set up to ride out a huge storm. At least til 2022.
Yes they will burn cash but they will have no debt and hold all their assets.
If by then things have still not improved i think you can safely say there will be alot of red faces and carcasses in the corporate world in both mining and Auto (VW, Benz, BMW).