Pessimistic case:
Grade has fallen to <0.4g/t and management don't want to announce it. Meaning, we're still not processing mined ore.
Optimistic:
Grade has trended towards 0.4-0.7g/t, depending on how much they've been able to mine to mix in with the stockpiles. But they didn't feel like announcing it.
We're lucky gold is up a bit, not down a bit. It might be saving us. Gold being up 5-10% is enough to make 0.4g/t ore pay the same as 0.42-0.44g/t ore (compared to 6 months ago).
For Dec-Feb, when mining ore has possibly started to happen (instead of waste), gold has bounced around $2050/oz. Now it's at $2180, but I guess there's a lag for that to flow through (depending how sales pricing works with the refiner).
I guess we were producing 1000oz per week lately. $2.1m USD per week. Gold being +5% puts us +US$100k per week better off (except for royalties).
- Forums
- ASX - By Stock
- General discussion
Pessimistic case:Grade has fallen to <0.4g/t and management...
-
-
- There are more pages in this discussion • 1,503 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.33 |
Change
0.020(1.53%) |
Mkt cap ! $342.8M |
Open | High | Low | Value | Volume |
$1.32 | $1.36 | $1.31 | $256.1K | 192.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8840 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 2089 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1340 | 1.320 |
1 | 7500 | 1.310 |
1 | 10000 | 1.295 |
1 | 12000 | 1.280 |
2 | 16355 | 1.270 |
Price($) | Vol. | No. |
---|---|---|
1.350 | 13787 | 2 |
1.360 | 23623 | 4 |
1.380 | 1500 | 1 |
1.390 | 11880 | 2 |
1.400 | 450 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online