I’m confident no company publicly listed is interested in buying out SVG, it’s a moderate resource in a mostly inaccessible area of North Queensland, the infrastructure is appalling, it costed $4125 an ounce to produce $2000, the mine is run down and requires tens of million of dollars worth of roads that have just been canceled by the federal governments belt tightening costin $50 billion and that’s just in Queensland, black spot funding cancelled, one patient a week died in the back of an ambulance in Queensland. The road toll is appalling. The crime rate is out of control, it’s not unusual for a car to be stolen 3 times in a night, the state is broke, and you people think you’re sitting on this world class resource, that BHP wanted to buy according to towie in 2019, get a grip people, it’s a flooded rat infested block of land in the middle of nowhere surviving of the vapours of tailings @1.4 G/t, a hopeless investment and to be honest you get what you deserve, take the 5 cents, if you’re not interested, fine, say goodbye to a very poor investment , go back to the threads in 2018-9 when towie and rhazzle and Suzy pumped a BHP take over, READ THE THREADS
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- Delisting march 2024
Delisting march 2024, page-186
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