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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by miningmanon May 07, 2020 12:09pm
136 Views
Post# 30998242

RE:RE:RE:numbers

RE:RE:RE:numbers NO!!!!!!!!!!   You are still wrong ,  admit it!!!.   POG  going  from  1600 to 2000   is a 25%  improvement   Its got nothing to do with projected operating costs.

The fact of the matter is that  quarterly revenue   of  $128  million is pretty low  for a  3800tpd operation .  This of course is a function  of  low ,  and dropping  mill head grade.   Will it improve??? Maybe,  but dont bet the mortgage  money on  it.  Can  mill tonnage be expanded ???   Probably but with a 12-18 month time frame  from  date of  permit application.  Can  operating  costs be reduced??    Highly  unlikely,  indeed  increases are already  anticipated 
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