GCY 1.82% 54.0¢ gascoyne resources limited

Ann: Results of Annual General Meeting, page-8

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  1. 80 Posts.
    lightbulb Created with Sketch. 31
    Also thinking of having a punt.

    Issues besides the production hiccups, they have 72 million in debt and 6 years of mine life. Gold price of 1700 and ASIC in the 1300 range, once you subtract exploration , extra costs and debt repayments there's not much left. Possibly a treadmill.

    Need to get costs below 1200 at least.
    Last edited by btown: 28/11/18
 
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