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54.0¢ gascoyne resources limited

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albatrosss

915 Posts.

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26/01/19

13:55

Post #: 37233390
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Originally posted by Harrindimill: ↑

Hi albertross,

The revised guidance of 92,000 to 102,000 oz is for the calendar year 2019.
( not the financial year fy19 ).

So the March quarter is the first quarter of the guidance.
The December quarterly due next week will give us an update on January production, as the report is towards the end of the month we will have info for almost the whole month.

Gold broke USD1300 last night and held,
( any gold chartists out there ), indicating the up trend is strong and continual.

I can’t see any bad news coming for GCY.

We know milling rates are strong ( in that we know the mill can handle the transitional ore at 50% above name plate capacity ).
Gold price is very strong and getting stronger ( even with our 40% of production at Aud1715 plus hedged ).

So it just comes down to the grade.
Which I’m sure will be improved.

Bring on next week.

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Apologies. I think i mixed up the fy2019 and financial year. That means they have to avg 23k ounces this year each qrt to safisfy min forcast

GCY Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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