GBZ 0.00% 0.9¢ gbm resources limited

high grade gold, production next q, cap 10m. why?

  1. 1,368 Posts.
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    what gives seriously? Is this the deal of the century here? Or am I missing something?
    Sure the current processing plant can only do 300k tpa, but at 3 g/t (as previously mined), that's $40m total revenue, $16m for gbm. Anyone know the likely cost/tonne?
    Also what happens if they use some of that splash to upgrade to plant?
    Anyway, we are currently valued at 12m, something doesn't add up..
    Last edited by zoidberg: 23/06/14
 
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