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25/01/19
09:17
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Originally posted by speculator101:
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Hi Harri, all good and that makes more sense. This quarter is indeed the more important one, as GCY needs to be able to start making a profit. Your numbers seem fair, although I would perhaps add mill availability of say, 90% (just because they are still ramping up, sadly). So.. I get around 25-26k, going from your numbers (which is hopefully achievable). Which is actually quite frustrating, as if the grade was closer to the mine plan, they would be making real money. The current POG is def a saving grace for GCY right now, even with their 40% of gold hedged, the spot price is the cream. Since the big fall, management have seemed quite honest and upfront with the market. I sincerely hope this continues, good or bad news.
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It will be very interesting to see if they make a statement about jan production. since october they have been upfront. if there is no statement then i will be worried.