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54.0¢ gascoyne resources limited

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Davisite

10,813 Posts.

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01/02/19

11:32

Post #: 37297299
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Originally posted by speculator101 ↑

Originally posted by albatrosss
Spec
on another note, can you give us your insights into how production costs came in at 10million less than what they guided. Ie 23mill , planned 33 million approx?
nrw cannot supply plant / manpower / both?
Hi Alb,
it would seem they just are not moving as much dirt as they projected. Plus using the stock piles is cheap (albeit also low grade, so does not make much money). The higher forecast costs for the March and June quarters related directly to all the extra stripping they need to do because of Golden Wings under-performing. Hence the need for more equipment.

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None of this is good news.

GCY Price at posting: 13.0¢ Sentiment: Hold Disclosure: Not Held
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