Serial disasters in pits force them to process their worst ore. The costs of producing this on a per oz basis very high. This is white knuckle stuff, but FG beginning to kick in. Hope it aint too late. FG ore is cash flow positive but the whole operation is negative. This with good gold prices and a low $A.
Wondering how good the skill level is it the mining engineering level. Too many disasters. Shouldnt happen. OK so a lot of rain has fallen-unusual, but in deserts you have to expect such events.
Looks like next quarter crucial. If I had more id go over there and buy some beers. Loosen some tongues. But bailed with most ages ago. Token holding. This latest report isnt a big help. Puts the best face on it.
When will mt M kick in again? Is FL full production? High risk country now.
DIO Price at posting:
31.0¢ Sentiment: None Disclosure: Held
