Post by
Y93H1979 on Aug 17, 2022 8:50pm
Crushing equipment
Not sure if anyone here follows Artemis gold. Excellent project and good team, they just dropped $312 million for crushing equipment and a mill. Throughput is around the same as Marathon, so the comparison between crushing circuits is fair. Not sure if USD or CAD, and we still need to buy a crusher, but damn, GENM management just saved a whole lot of money.
Comment by
Rainyday on Aug 17, 2022 9:12pm
Thanks for posting. With just under 200 million shares outstanding the saving in capital cost per share looks like it will be quite significant. As you said, very good move by GENM management.