Sure in Q4 they received 437k in gold payments, but managed to spend >2.92M running the operation, for a net loss of $2.492M
As for mining something with a lower head grade, i'd love it to work, but if low grade high quantity was the money maker, why would they mess around chasing 10cm high grade veins for so long. From my expirience, this style of mineralisation is onl ever profitable on a small scale, keeping staffadmin costs as low as possible, as the volumes just arent there.
Its very sad as I'd love to work out there, incredible location, just no profits to be had unfortunately
WRM Price at posting:
6.8¢ Sentiment: Sell Disclosure: Not Held
