So whats new in the mining game other than boom and bust? Todays announcement from TAM not unexpected IMO. POG down $200 to ~$1400, high cash costs for past 12 or so months, including last quarterly cash costs at $1519.
Now left with millfeed from historically high cost, limited reserves, Coyote underground, where fresh capex is needed to open up new, deeper high grade lode.
If there is one, the positive side for TAM could be imminent BFS and NPV on "jewel in the crown" Groundrush asset, <1MOZ resource. POG recovery still critical as high capex needed. Exploration is up side on both sides of the border. Hopefully good buying today at 6's and 7's.
Paddy
"most stopped at Coolgardie, a few of us moved on" PH
Ann: Corporate Update , page-17
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