GNM
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7.14% 1.5¢ great northern minerals limited

GNM chart, page-14

  1. flyboy77
    8,839 Posts.
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    16/11/21
    08:30
    Post #: 57600395
    With AUD gold at 2535/oz, if they have enough ounces to justify a plant from a capex perspective, it must be in the money for jam territory?

    AUD30m for a plant to make a high grade concentrate.

    Simon has mentioned Mt Carlton which ships a concentrate to China...

    https://evolutionmining.com.au/wp-content/uploads/2021/04/Mt-Carlton-fact-sheet-2021.pdf

    Note Navarre recently bought this mine from Evolution....

    Also note it appears the mine is running out of gold.....or profitable gold at least, costs have jumped massively.

    Surely, the GNM must be considering toll treatment too - if there's any spare capacity?

    Addendum, Crush Creek will provide ounces too.

    https://www.miningweekly.com/article/evolution-sells-mt-carlton-2021-10-05
    Last edited by flyboy77: 16/11/21
    GNM Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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