GCY 1.82% 54.0¢ gascoyne resources limited

Rats jumping ship? Maybe a similar problem to GCY - they put 2...

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    Rats jumping ship? Maybe a similar problem to GCY - they put 2 and 2 together and only made 3 .


    No news here is probably bad news, plenty of hints in the last update that they are frantically remodelling from grade control data and re-interpreting things. That doesn't happen when you have a good grade reconciliation. Hope the new crew can fix it (if its fixable) before the money runs out again. The reality is the mine was always been a relatively low margin operation without much gold grade for flexibility if things went a little wrong. When all those estimated resource / reserve grades (+/- 10% at best ) end up being negative things go bad....
 
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