We need the gold price to push up around 1700 or more to get some decent financing terms and get this mine up and running. They need to raise a good 10-15million to finance a drilling campaign into the gap zone and get someone in who knows underground mining. They also need to prove up a resource. I still think this could be mined profitably but there is a lot of leg work required beforehand. They also need to guarantee they can mine 80ktpa.
Some analysts are saying that we are due for a sharp price increase in the POG which can only help the finance discussions and hopefully get this running at a profit. It is a long shot though IMO
- Forums
- ASX - By Stock
- lost in the wilderness
We need the gold price to push up around 1700 or more to get...
-
-
- There are more pages in this discussion • 42 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
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales