Thanks for all the great analysis folks ...a mine moving 20 percent less ore in jan than in previous months (averaged)... after prepping and priming the plant for an increase in production ...and really no excuses... management hasn't forgotten how to go to sleep at the wheel when basic planning is required. Ie staff.
Im looking at 'who benefits' at the moment... to try to figure out the failure... there's people in the picture who get paid the same regardless...and the shareholder taking the pain... the banks are happy.
i wonder if the entire 6 year life of this site wont be all pain and learning... till we pack up and move north to Ergerton- hopefully with capital in hand. For this reason im seeing this has just turned into a very very long term bet. I hope we retain some tallent in the company to advise future scenarios. Perhaps with the 2 diggers at the site we can be out of Dalgaranga in 3/4 years and just move on to better grades ... ignoring low grade junk.
Can someone please call gcy board and make sure they start prepping the Ergerton site well before we arrive with the infrastructure... cheers
GCY Price at posting:
11.5¢ Sentiment: None Disclosure: Held
