Thanks, I just read their announcement, "As at 6 October 2023, around 150,000t (in total) of ore have been delivered to Greenfields since the start of processing with the balance of about 36,000t to be hauled over the coming two weeks." Stage 1 production at over 6000oz. They are estimated gross revenue of almost $30M dollars from their stage 1 production if gold prices stay above $2900aud. If you include the JV partner 50:50 split, then it is a $60M revenue.
It is frustrating to see companies out there are raking in the cash and nowhere near the quality of assets that we hold. We should be way ahead of where we are if management were proactive in the gold space and did not waste so much time and energy on RVT work the past few years.
Having said all that, that company are performing well production wise, but their share price is still in a yearly downtrend and almost near the lows, having gone from 8c to nearly 4c recently. There seems to be a problem across the junior to mid-tier gold space in the ASX across the board. Even the major producers are not performing to expectations with the mega profits at play. What will it take to wake up the Australian public to gold? $5000aud?
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