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For starters we don't know where the gold price is going? In...

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groundhog2

2,135 Posts.

175

02/11/22

19:12

Post #: 64553378
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Originally posted by AWildOne: ↑

Hope so. The AISC is $170 above the high end of the guidance though. Means we'd have to go at around $1310 over the next 3 quarters to scrape in, assuming similar output. Considering this last quarter we were going at $1540, it's a pretty ambitious looking target.

The report does say they are expecting to work higher grade deposits later in the year. That'd be good. But I notice the grade has been falling from June 21 (6.48 g/t), through 22 (5.74) and to September 22 (4.94). So is it just a quarterly result or part of an ongoing trend?

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For starters we don't know where the gold price is going? In this highly inflationary environment gold has remained somewhat suppressed. Gold reserves are being kept in Fort Knox and the bank of London for a reason.

Secondly, x64 is building a decline that will be completed sometime in 2024. They are building a decline for reason. Have some faith. DYOR

X64 Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
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