GBM 0.00% 0.8¢ gbm gold ltd

I'm with you on this one Plough.The underground mine, whilst...

  1. 38 Posts.
    I'm with you on this one Plough.

    The underground mine, whilst rich will not produce great volume by the very nature of the mining method...however, they have reported month ago that they have stockpiles of Maxwells and Columbian tails for retreatment. What is happening with these?

    I see the issue is with the processing plant...they obviously are not producing anything.

    What is the availability of the mill? How many hours per week CAN it work?

    What is the utilisation? How many hours per week DOES it work?

    What is it's thruput? How many tonnes per week go thru it?

    What is the recovery from the mill? - That's an easy one. NOBODY KNOWS!

    The processing plant is the lynchpin. It is the thing that puts the money in the bank!

    I see these as vitally important operational questions the board should know and be able to report on - even if ONLY to give investor confidence. I'm not overly confident with the current board makeup...there is no technical, operational knowhow in an operational mine...they seem to be playing big boys games with investor's money.

    Not Happy Jan!
 
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