GCY 1.82% 54.0¢ gascoyne resources limited

More debt. $84 million total. Mining contractor “support”....

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  1. 11,185 Posts.
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    More debt. $84 million total.

    Mining contractor “support”.

    Grades remain lower than feasibilty by about 35%

    High strip ratio, feasibilty says two years, company says CY2019??

    EV = $156 million

    Better options out there on risk/reward I would think.

    Good luck. Lucky the gold price is a tailwind at the moment. Esh
 
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