AQQ 0.00% 3.9¢ aphrodite gold limited

roadmap to production still missing

  1. 38 Posts.
    The drift in share price is hardly surprising - given the deepening bear market - all news is bad news in a bear market.

    But the company tell us that they have over 1 Million OZ in the ground - some of it not too far down - so this company is not one of the myriad micro explorers who are scratching around here and in Africa in the hope of finding a few OZS - it has already been found.

    The company now tells us that processing of ore news is good or perhaps goodish.

    The company suggests that they are looking to be producing gold in 2013 - which is great.

    But I do not know:-

    1. How much it is going to cost to dig the open pit to effective depth

    2. How the ore is going to be processed - on site or at an adjoining plant

    3. The costs/expenditure involved in both options

    4. The estimated gross expenditure necessary from this point to first gold pour

    5. How that gross expenditure is going to be financed.

    The company would have done at least some ballpark figures on these questions and I am confident that I am not the only investor who would like to see even ballpark estimates.
 
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Currently unlisted public company.

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