GCY 1.82% 54.0¢ gascoyne resources limited

Still fighting and moving ahead

  1. 273 Posts.
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    Despite the flooding, despite the belt issue they pretty close to forecasts. Problem with grates seems to be solved.

    Grade low due to processing lower grade stock piles because of flooding so the you look at numbers real mining grade actually improving so looking good for December.

    Mill looks like it very hungry and they now running at 3.5mt v name plate of 2.5 so if they can do that rate on improved grade for december chance they will do more ounces than expected.

    Who has been buying? no substantial in as yet but given the uncertainty and big volumes being soaked up must be a corporate that wants a free plant and all the exploration upside . its never boring but plenty to play for here.

 
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Currently unlisted public company.

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