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1.82%

54.0¢ gascoyne resources limited

Ann: September 2018 Quarterly Activities and Cash Flow Report, page-88

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Forged

8,701 Posts.

17

07/11/18

10:53

Post #: 36414911
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Originally posted by Midnight26 ↑

Low grade means added risk, lots of it. Risk is what you try to avoid when you're investing surely. If one or two assumptions or mining parameters are out by 10 or 20% then suddenly you've got trouble. Investing in thick, high grade projects reduces risk in your portfolio.

Risk vs. Reward. Lots of risks here (grade, resource model, stripping ratio, management) and limited potential for rewards.

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Midnight, don't laugh at other people's holding, share collapse could also happen to your BBX explorer, it's already running low on cash. Never say never.

Last edited by Forged: 07/11/18

GCY Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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