GOLD 0.51% $1,391.7 gold futures

ten bagger list soon time to update, page-38

  1. 4,326 Posts.
    DOM, LGL for example. Not 10 baggers just producers.


    Aphrodite wont come on line at this stage, all ore is being treated to Wiluna. At this stage it will actually only be wiluna ore going through the mill, don't believe they have actually started mining aphrodite as such.

    Drilling results have also started to prove up patches of free milling ore which will help reduce the costs at Wiluna.

    What i do note is management ahve only worried about getting the plant operating and increasing resource. We are due for a substantial resource upgrade this month. After that they may well work on reducing costs but i also believe they have used a worst case scenario in their calculations. At any event i wouldn't exepct costs to decrease much anyway. The company making factor for AXM will be getting higher grade through the mill and ramping up to 500k production but again that probably 3 years away at this stage.
    Company definately ticking the boxes and hitting targets though.

    cheers
 
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