The problem recently seemed to be a delay in delivery of High Grade ore from the
Bartons pit but that will now appear in this March quarters figures.
At least we beat last years figures for this quarter.
Management planning a minimum 5 year mine-life based on annual production of
100,000 oz per annum.
I'm happy holding this company.
Last thing you want is for gold to head off to the races and your company spend the
next 2 years of booming gold price while they drill, permit, money raise and then
build a mine over 4 years with no gold to sell. At least we have a big new mill
producing shiny bars of gold.
MOY Price at posting:
17.5¢ Sentiment: None Disclosure: Held