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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by goindeeperon Apr 18, 2018 1:29pm
134 Views
Post# 27905705

RE:RE:RE:Grade and AISC comparison to peers

RE:RE:RE:Grade and AISC comparison to peers I understand your point, but further complaining doesn't help any of us and we we now have to focus on "what is", not on what was supposed to be".  As a shareholder, I need to determine my position in PVG based on the current reality, with some risk assessment going forward. 

For me, after looking at PVG's position wrt the current grade and AISC, coupled with Quartermain's reputation in the industry, I am not worried about the long-term viability of PVG at all.  This may or may not be a good buying opportunity, but other posters complaining about misses from the previous studies or plans doesn't help with that determination.  If people don't trust management going forward, that is one thing, and they should sell their shares right now.  Otherwise, we need to determine what each share is currently worth and make our assessment of the company from the currently known facts.





Ht7d45h wrote: No doubt the grade is enviable for most miners, but the catch is that the AISC is not so
great with a huge debt to pay within a short and punishing timeframe.

This was not supposed to be... It was supposed to be 15.4 g/t at $448 AISC - not $600, not $700, and not $900

This is the problem - the plan that management pitched has not been delivered.




Bullboard Posts