Sorry for the newbie question but don't normally follow small mining companies. For the Halls creek mine when is says The project currently has a stated Mineral Resource of 394,000 ounces of gold as of 31 May 2019 does it mean for example if it mined 10k a quarter that they will be mining for 39months? or is it just the measured grade of 100k that is important. I understand that the mineralisation is still open so they are still exploring the area.
Is there any value attributed to this mine in the share price? because even if they don't get the 20k a quarter they were aiming for if they just get back to say Q3 fy2019 it had All-in Sustaining Costs of $1200 for production of 11k of gold it's a great money spinner especially with hedging finishing this quarter.The price of the share At the moment is really only the acquisition cost of Norseman and the cash/bullion backing
thanks
Sorry for the newbie question but don't normally follow small...
Add PNR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.9¢ |
Change
0.003(3.49%) |
Mkt cap ! $463.1M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.9¢ | 8.4¢ | $980.7K | 11.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60889 | 8.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 1223356 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
8.8¢ |
Change
0.003 ( 2.80 %) |
||||
| Open | High | Low | Volume | ||
| 8.5¢ | 8.8¢ | 8.4¢ | 2285863 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PNR (ASX) Chart |