recurring bashersthis is so funny. every year for the last 5 years there are bashers that say gcm is running out of gold and every year gcm proves them wrong and replaces and increases oz. there were bashers Northforce, then Rockhead. there were bashers before them as well. now there is clubhouse and steamed muscle. coincidentally (intentionally) the bashers appear when gcm share price is at the lows and short interest has increased. during these times they bash the loudest and hardest. i don't bother arguing with them this time because it just means gcm can buy back more shares at a lower price, so is good for gcm long term.
and has happened every repeating time in the past, the millions in shorts buy to cover and gcm shares go back up. if they don't, then the rise in gold price makes them lose more money. that is probably why the bashers are so angry, the rising gold price is working against them.
using a higher gold price just increases the npv more than anything else. they did not drop the cut-off grade much. talking about reserves is meaningless when gcm is mining a lot of inferred, newly drilled ore, and get ore from artisinal contract miners every year, none of which is from reserves.
when gcm increases to 2000 tpd, more lower grade ore will become profitable, allowing them to drop cut-off grade to get more profitable ore. when that happens, watch the bashers face turn red, head explode, and cry bloody murder even louder lol