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12:51
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Originally posted by Mentalist123:
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Oldcar, previously you said we need a 1500-ounce gold bar, as our costs are $4m a month. Incidentally, my advisor agrees with your numbers. So pouring a 10-15kg bar is only in ounces is 322-480 ounce bar. If that happens we are Fu#ctis Cactus. That’s it, right? If we only pour a 480-ounce bar then it’s terminal.? Right? Max you are saying Is 480 ounces only $1.48m. This means after 19 days of processing gives only $1.48m income for a cost of $2.96m a month we are underwater around $1mA month..then the $24m total costs to get to this event means that the AISC will be around $7,500 an ounce. Holy crap. Well if all that’s true, I can say after the report tomorrow if, is less than 1500 ounce gold pour, I'm gone, and this post will be my last ever on TBA. Posters have ave loved the banter but switching to IGO and NIC. I think Nickel is the future. Bought IGO at $9 now $14 and NIC at 60c now 99c. Only ever bought 3 stocks TBA seems fun and great asset, but the management, is totally inept people. I think I know more about mining Gold from watching gold shows on Discovery than this mob. Just a disgrace. The whole Mt Freda/Golden Mile mine site operation just seems an exercise for destroying shareholders' cash. How can a company spend $16m mining 60,000 tonnes of “ ore” ?Anyway, I am 100% gone tomorrow. Thanks, ACE, and others for the banter. I’ll drop $40 k getting out tomorrow but IGO saved me. Actually, I’m square with help of IGO, if I can get out tomorrow at 3c. I’m in at 4c and out at 3c. I’ll Drop $40k. A lesson for playing with non-producing mines. ACEMINER I threw the file away. So all good now. Nothing sharp left except a hook to hold the bait on the crab pot.
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apologies. when I said 1500 ounces , was meaning in several bars over the month etc. it's just the practical way these things work, you don't usually pour one big bar at 31kg. so was noting that if and when a gold dore bar is presented don't be too stressed if in the 10-15kg range. that's normal and not reflective of the overall performance of the ore/ grade / recovery etc
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