FFX 0.00% 20.0¢ firefinch limited

General discussion, page-8957

  1. 6,927 Posts.
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    Sorry to deflate your optimism but Barrick wouldn't be interested for the reasons they sold it:
    FYI:
    ++ the Morila Mine ceased meeting Barrick's criteria to be categorised as a Tier 1 gold producer, plain and as simple as that!
    ~ from Barrick's Annual Report: "Essentially, Barrick was and is only interested two kinds of assets. The first type "tier one" assets;
    a) have an annual gold production of 500,000oz
    b) have over a 10 year mine life
    c) lie in the bottom half of the cost curve, the Morila Mine failed all 3 critical measures to be retained by Barrick.

    cheers


 
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