it doesn’t matter who has the cheapest ounces its the worse...

  1. 947 Posts.
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    it doesn’t matter who has the cheapest ounces

    its the worse metric you could use!!
    the market values Bml the lowest because they are the least confident it will ever be a mine


    who on earth would fund Bml 260m for capex of a low grade project? The IRR is 30% that’s laughable


    verily cost base is sooo high he needs to pump night and day

    verily cut your losses don’t lead people astray


 
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