Good results first up confirming mineralisation is continuing at depth.
Lets hope this resource grows significantly, because at the moment C1 costs stand at over $800 for the open pits and >$1000 for the underground resources.
With the volatility in the price of gold, total costs for the current resource may make this uneconomical if gold hovers below $1300
I'm bullish on a major resource increase and reduction in costs, however potentially negative scenarios need to be considered at the moment.
Could be the same mindset of potential financiers.
BNR Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
