Post by
goldsoldat on May 04, 2024 1:58am
Price Drop
I am a new shareholder after the price drop. I am not a geo. I have no information to support this opinion. It is guesswork. Given the 9 drill result releases rom May 15, 2023, and the due diligence of institutions, I doubt this is any form of Bre-X or similar. I think the re-assay results will be similar to existing. I think there is a problem, however. I am guessing the metallurgical testing showed a complex ore requiring double the anticipated cost of refining and therefor a double plus AISC. I think the re-assay is to confirm metallurgy. If so, this is not a disaster justifying current price. Given the ore beginning at surface (open- pittable), if the drill results are cut in half, it is still a viable operation, and that is without any gold price increase. Goldsoldat
Comment by
Stockpicks96 on May 04, 2024 10:24am
Delusional fool. Get help.