EVG 0.00% 3.1¢ evion group nl

Ann: EVG reports on its near term expectations , page-19

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  1. 797 Posts.
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    re: Ann: EVG reports on its near term expecta... The ore that the tails came from must have been much higher grade. Contract milling for other companies is a good way to increase cash flow and profits as you charge for your own expected gold production (forgone) plus a gram or two per ton. As long as the grade is good from other sources then there is a little upside potential there. Just how convenient that is depends on operations. But every tonne of contract milling extends the life of operation and that is a good thing. Also it gives EVG an upper hand in the district to purchase other deposits as they are developed at someone else's risk.
 
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