GCY 1.82% 54.0¢ gascoyne resources limited

While Sep Q update is below my interpretation of the capital...

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  1. 93 Posts.
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    While Sep Q update is below my interpretation of the capital raising preso nums, depending on working capital movement the reduction in cash in Q3 could be small / perhaps even a marginal increase.

    To achieve 25koz, based on 350ktpa and 95% recovery requires a grade of >1.1. Achievable IMHO - reserve grade is 1.3 - if nothing major goes wrong.
 
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