GCY 1.82% 54.0¢ gascoyne resources limited

I think there was downtime at the plant as the grate wasn't...

  1. 46 Posts.
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    I think there was downtime at the plant as the grate wasn't working properly which would have effected the production levels. New grate due to be installed by end of this month so full steam ahead from then. Ore grade is rising towards expected levels as they dig passed the hard top dirt at Golden Wings pit. there are three pits being dug up so they'll get into a groove soon. just very annoying in the beginning as cash it always tight. The board was always mindful not to dilute too much but that ended up costing more as they didn't raise enough contingency/working capital at the higher share prices. Oh well, onward and upward. Let's hope it starts humming from now and that the Tanqueray find reaps some really high grade ore with further assaying.
 
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