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The Firefinch Fiasco (Money of Mine Analysis), page-23

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20/08/23

12:14

Post #: 69440733
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Originally posted by Coolroe: ↑

Agree with Empty Nose,100’s of millions invested in the mine and local area,for a mine that was set to close in 2019.All for a mine that needs high gold prices to be barely profitable.

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from what I recall - the Morilla mine does not need high POG to be profitable. But what is a high POG any way?

I think the long term breakeven price was around the $1200 ? POG per ounce - but it was higher in the first year or so of the mine forecast?

Morilla can be profitable at today's POG , I reckon...But I admit I don't know the figures off hand now as regards the FFX info on quarterlies etc. And I can't be bothered going over it anymore...

It just needs super focused excellent management...

ALL IMO

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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The Firefinch Fiasco (Money of Mine Analysis), page-23

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