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22/01/19
15:06
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Originally posted by JamesExpat2:
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When I entered IRC mid 2017 I thought I'd done my homework on the coy. Now seems only partly !. IRC doesn't have the excuse of a low gold price now. I'm wondering whether part of the reason for our low SP is the market is not impressed with IRC's "stop" "go" operations ie long periods between generating regular cash flow and the small resources dotted all over the place. One big single open cut mine with a relatively good mine life surely is more economical than starting and stopping all the time and having to move machines,people etc.Of course we have to make do with what we have. Well one consolation-I'm learning all the time. ST78-you are big on the importance of "toll treatment". When you get the time some of us could learn from you. Cheers.
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IRC does escape some of though stop/go cost due to location on the tenements around Kal. Goongarrie is a bit further away and I think the plan was always to uses EGS's mill as per the JV agreement.