GCY 1.82% 54.0¢ gascoyne resources limited

I think there are certainly geological questions to be asked (eg...

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  1. 5,305 Posts.
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    I think there are certainly geological questions to be asked (eg Golden Wings according to all I have heard and read has delivered far worse than anticipated results to the point where I don’t think they are even mining it right now ) .
    However even if there is less gold than was originally forecast (a 6 year LOM) there is still gold and gold prices have gone up.
    And there is still an operation mining the gold .
    And all of the reports have anticipated better grades deeper down
    .....so it may be worth keeping things rolling along but with a shorter mine life?
    Funders don’t want to throw good money after bad so if there is a new funding package to help Gascoyne out I imagine the funder would have needed to be supplied with some very convincing evidence to the good?

    We will know soon enough ...
    Good luck .
 
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