New to trading shares and gold for that matter. I've been watching from the sidelines for the past 6 months. From what i've seen globally i can see gold moving higher. I do have a question on GOR which seems like an excellent long term share if the price of gold does maintain it's trajectory.
My question if anyone has the time to answer is around how GOR will find the $'s to pay for the construction of the plant(s).
I've had a look at the cash that GOR has in it's latest activities report (march 2016) and noted it only has $26m in cash.
3 specific questions:
1. What is the cost of construction of a processing/mining plant?
2. how much would this cost? Would the current 28m in cash suffice this construction?
3. Does anyone see the share price being impacted with different options for paying for the plant
Cheers
GOR Price at posting:
70.5¢ Sentiment: None Disclosure: Not Held
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