Ummnn.... The cash went into mining koolan Island. The stuff they were mining before the wall collapsed was 10:1 strip ratio. They were losing money hand over fist at koolan Island.
This is why cash outflows stopped in December after the wall collapsed.
Mystery solved aye?
I think it is people doing half assed research that are pushing this price lower. Seems to me that most people thought koolan was a cash cow when it wasn't.
Easy mistake to make because mount Gibson don't publish production costs so you have to do some hard work to make a reasonable estimate of costs at their various mines. I reckon extension bill costs about $30/ton excluding overheads. It is similar strip ratio to Solomon at fmg which is $20/t but Mgx have higher rail and shipping costs
Mount Gibson never reveal production costs. I think it is ridiculous but it is not a recent change so don't take it as a bad indicator for extension hill.
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29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M |
Open | High | Low | Value | Volume |
30.5¢ | 31.0¢ | 29.0¢ | $332.0K | 1.101M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37786 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 12500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37786 | 0.295 |
6 | 89687 | 0.290 |
3 | 92696 | 0.285 |
3 | 50540 | 0.280 |
3 | 46001 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 12500 | 1 |
0.305 | 86705 | 4 |
0.310 | 181827 | 4 |
0.315 | 49000 | 2 |
0.320 | 305000 | 3 |
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