Thats the trouble
The gold is in the ground.
The idea is to get the gold out of the ground.
Hopefully at a lower cost than the gold is sold for.
For the last 2 years less and less gold is being produced.
and at a cost of $350 million more than it has been sold for.
Still more to be spent at Syama
More to be spent at Ravenswood.
Net cash positive is years away.
That is why the SP hit its lowest in almost a year.
and unless gold rockets...a new low will be hit this week.
CR cant be too far away ...in my opinion
Cheers
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Mkt cap ! $1.543B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
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View Market Depth
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14 | 458433 | 1.240 |
12 | 312067 | 1.235 |
6 | 139692 | 1.230 |
6 | 131961 | 1.225 |
Price($) | Vol. | No. |
---|---|---|
1.250 | 371388 | 17 |
1.255 | 220916 | 10 |
1.260 | 134993 | 10 |
1.265 | 104166 | 6 |
1.270 | 38032 | 5 |
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