GOLD 0.51% $1,391.7 gold futures

re: BSG re gyro Gyro,cash cost for Georgian op is $149.- , no...

  1. 668 Posts.
    re: BSG re gyro Gyro,
    cash cost for Georgian op is $149.- , no hedging and the company is debt free. Current production in Georia is approx 100.000ounces per year and about 5 years life left.
    Ocampo project to commence operations in 12 months. Projected cash cost is $120.-. and will have at least 12 years mine life at an annual production of again 100.000 ounces per year.
    Then you have the Cloncurry venture, expect mining to commence in two years.
    Read their latest quarterly repoprt it has a lot of facts and figures. Management are very familiar with the Ocampo project and also hold approximately 50% of shares on issue and have not soold one share yet.
    If you require a detailed analysis e-mail me, I do not wish to post it here as it is quite indepth.
 
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