Post by
hcarbon on Jan 25, 2022 7:38am
Ascot Provides Update on Premier Gold Project
https://www.stockwatch.com/News/Item/Z-C!AOT-3198539/C/AOT
Seems to be a increas in capex partly due to inflation, weather inpacts, lower productivity.
I have looked at Ascot for a long time, but not bought yet.
I dont know if this is priced in...?
Comment by
usam67 on Jan 25, 2022 8:42am
+ CAD 46.6m in costs (+27% from 176m to now 224m)
Comment by
TrueGold on Jan 25, 2022 1:43pm
WOW off by almost 30% on the Capital Estimates. QUESTION FOR THE BOARD: What is the estimate for the first year of production in ounces of gold produced? I have never seen this discussed or presented by the company. I've heard 175,000 ounces a year but is that off the get go?? Or will it take a year to to reach that number.
Comment by
sonofcroy on Jan 25, 2022 9:18pm
its to be expected . I've yet to see a new mine come in on budget especially in this inflationary environment. Good news is the price of gold will also be much higher due to inflation by the time they start producing so once they get Into production it should cancel out this extra cost
Comment by
sonofcroy on Jan 25, 2022 9:32pm
it just got priced in today with the news . All known information is always discounted daily in any stock price. Other than that its sentiment that moves the price. Its was negative news but did not cause any chart damage . Should recover soon and in a years time when we hit first pour then we will finally be trading at fair value and most likely be a top buyout candidate