Another mediocre report.
They are eking out a small operating profit margin and repaying their debt, plus undertaking the promised exploration. They need to find some higher grade ore bodies to replace their depleting deposits. ASIC is higher compared with last quarter because production fell as a result of lower grade ore going through the mill. This is expected to improve next quarter when they access higher grade ore.
$36m cash/bullion on hand after paying down some debt, is about what they had last quarter.
They have the funds to continue exploration and develop a few ore bodies to stay alive.
I wonder what they will get for the sale of Murch and the Great Southern project? Much less than what Tonkin was seeking in the recent newspaper article, I suppose.
loki (yawn)
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Another mediocre report. They are eking out a small operating...
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