BMO 0.00% 0.6¢ bastion minerals limited

pretty bad quarter worse to come

  1. 647 Posts.
    Pretty bad report.

    - what happened to the 26 grams per ton for area 2, now 21.

    - this quarter, only 6.7 grams per ton area 1 left, so with high transport costs, very low profit or none.

    - Mill life not very long, so if SMC buys back for 2.75 million, then what is BMO going to do, spend 50 million on a new one?

    - Recent exploration results in this report suk.

    - Extension ore to Area 2 will be high cost as ore vertical, so decline expensive.


    Hmm, BMO now high risk. I think I'll stick to nickel and zinc!

 
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