GBR 5.26% 6.0¢ great boulder resources limited

RMS are watching, page-6

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Yes Side Well is very close to the RMS Checkers mill at Mt Magnet.
    Ore would be trucked straight to Checkers so no need to spend $100m on a new mill.
    Capex on Side Well would be very low, perhaps $40m?
    It is mostly shallow gold so the AISC would also be low, around $700 oz au.
    That leaves an AISC margin of $1,700 oz au.
    Just 100,000 ozs au would generate $170m
    But given the strike length the resource will be bigger.
    200,000 oz au = $320m
    300,000 oz au = $510m
    etc
    RMS paid $750 a resource oz for Penny

    Congratulations to those who held on today during the dump.
    GBR have a very profitable find here.
    They will need to drill more and announce a maiden JORC,
    After that predators will be swooping.



 
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