just out of Marble Bar compared to just out of Kalgoorlie doesn't stack up to me
also - Calidus is Open Cut and UG - at this stage we are just Open cut
It 'sounds' like Calidus is undervalued - his 40 disagrees with Calidus's 50 - but, either way - with the gold price leaping 50 bucks a night sometimes - I think they are both bollocks
this valuation in ground stuff is a croc --------- mostly it was 50 bucks an ounce about $400 an ounce ago -----
I doubt if costs have gone up $400 bucks an ounce in the last 12 months
going to be a very interesting year for Breaker -- so many points where rerating will happen --- JORC upgrade on open pit --- PFS - JORC on UG
POG of course - the rate it's going at we will be at $3000 an ounce by the time I push the send button on this post -
who knows where we will be by November
IMO - if the gold price does keep heading strongly north - the entire sector will light up
when that happens -- I think you can though these 50 dollar valuations out the window -------- complete with the baby
BRB Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
