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32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-185

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vertigo

9,999 Posts.

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17/02/19

19:37

Post #: 37464154
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Originally posted by mal230355: ↑

Yep, I'll go for 8g/t which was what MCO needed to break even at the end.
With the estimated quarterly costs vs the likely ounces produced that seems a more realistic figure. From memory A1 was being bulk mined via a decline so you would expect their break even to be lower.
But, of course, vertigo will dismiss such figures as he doesnt believe anything that doesn't fit his ramping agenda. Ignore the facts and go with the pie in the sky view.
Even when those with an intimate knowlege of the Stars history tell him that the whole McNallys thing is so much a carbon copy of the Maxwells reef failure that its spooky!
I sincerely hope any new reader of this forum waits to see some runs on the board before risking their hard earned on the ramping of the ultimate armchair expert who has never set foot anywhere near the mine.

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Can you point me to where I would find those figures?

AUL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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