X64 ten sixty four limited

what are your thoughts, page-3

  1. 13,667 Posts.
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    excalibur1031..no need to worry there.

    Costs only increased in the previous quarter because they were mining ore that couldnt even be processed due to the mill being unavailable. The head grade was also at 4.51 grams a tonne which is very low when you compare it to prior quarters.

    If they manage to increase tonnes mined and they are able to mill the ore (higher grade than 4.51) costs will be severly reduced. It wont go up with more ounces produced. It will actually decrease a LOT.

    If they start mining 3 grams a tonne then obviously costs will increase.
 
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