Hazza25. It is now simply a matter of getting enough ore under leach with economic leach profiles and GAM will come cash flow positive. The question is where this ore will come from in the short term, which is undisclosed (probably they are negotiating with other miners for ore supply).
Another factor is leach rate. Many of the remaining ores in the area have a significant net acid neutralising nature, thus require acid addition up front to generate the commercially required leach rates and to maximise recovery before the heap becomes uneconomic to operate. The PLS data released recently show that this is probably not been done, thus they are unlikely to reach their stated production target.
- Forums
- ASX - By Stock
- Mentalist123
Hazza25. It is now simply a matter of getting enough ore under...
-
-
- There are more pages in this discussion • 8 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
Add TNC (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
-0.003(6.38%) |
Mkt cap ! $40.27M |
Open | High | Low | Value | Volume |
4.7¢ | 4.8¢ | 4.4¢ | $66.94K | 1.480M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 0.044 |
1 | 120000 | 0.043 |
2 | 213095 | 0.042 |
1 | 200000 | 0.041 |
4 | 152500 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 100000 | 1 |
0.050 | 300150 | 2 |
0.054 | 100000 | 1 |
0.055 | 375105 | 1 |
0.056 | 200000 | 1 |
Last trade - 15.52pm 31/07/2024 (20 minute delay) ? |
Featured News
TNC (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online