agreed - everything's stacked against it: size, complexity, high cost per mining unit, rising fuel costs, labour shortages, geographic isolation - current management is just the coupe de grace.
Struggling and failed gold miners are an interest topic of mine. Narrow-vein and/or high nugget orebody miners weigh heavy in this category - Norseman is a good example.
IMO these orebodies make good satelite deposits - much higher risk if supporting an entire operation. Unless the gold price sky-rockets off the scale - I don't see much hope of success.
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Last
6.1¢ |
Change
-0.003(4.69%) |
Mkt cap ! $71.68M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 6.1¢ | $27.78K | 447.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 115000 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.4¢ | 172151 | 1 |
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| Last trade - 14.01pm 15/07/2025 (20 minute delay) ? |
| TAM (ASX) Chart |