GBM 0.00% 0.8¢ gbm gold ltd

annual report, page-2

  1. 177 Posts.
    Yep, I have not read the report in detail - an "A" grade effort, in my view, given the size of the company, and the pressures, driven by opportunity, that they must be facing.

    It shows real commitment to the task.

    Can nk's last comment be right about the $5 mill profit in six months?

    The original forecast of annual profit, in the expectation of reliable production was $6.8 million, and since then, POG in $A has gone up (and surely must go up further), fuel costs, must have gone down a bit, and you'd guess there must be a stack of high grade ore in the underground magazine that is mentioned in the ann.

    Am looking forward to the revised projections. Surely these must carry through to s.p. increases at some stage.
 
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