Worzel1, you said "but the company is burning cash quickly". On what are you basing this opinion?They did produce almost 74koz of gold in Dec quarter. Its not like they were building a mine without any production. I am no mining expert so you maybe right, I just would like to understand what they would be burning cash quickly on going forward?
Don't forget that gold is pretty high in AUD and close to $1,300 in USD and oil has come down quite a bit in the past few months.
"This is only in my opinion, not offered or to be taken as financial advice, DYOR"
Bottom here?, page-628
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