Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Well that settled that.
The pot of gold is still at the end of the rainbow , management are nearly there… again… nearly there… again
Your bloody easily satisfied, nearly a year since it opened and its producing a tiddling amount of gold and soon to be involved in a long legal dispute which nobody can predict the outcome of. Yep absolutely great job exactly where we hoped we would be this time last year, couldn't have gone better could it?
"Hum have done an outstanding job."
pmsl
Hum have done an outstanding job. The project was still moving forward through the short set back and is now ramping up to full production, whilst twin tracking negotiations with Corica mining along with excellent communication with shareholders.
I like the fact they mentioned the up and coming blast was on.
I noticed there were some huge buys last thing yesterday.
Tone much improved also 'constructive'
Longterm no doubt but the mess need sorting first they are in.
700oz per week without hitting the high grade, I think is a very good result. Once high grade is hit then it's on track for 200k pa. What are you all p*ssed off with
Nice bit of the news gold pour
On the flip side if it fails to hit targets then there will be serious cashflow problems as debt repayments would need to be moved forward. There is nothing new in this RNS so why did they not release it with quarterly production update?
Yes, a good update. Good to read that Yan is performing well, KOU is producing a few thousand ounces and that we are close to exceptionally high ore.
Very good update. One way or another the mining volumes will ramp up in the coming weeks to commercial production.
The grades of ore processed are now very high which combined with record high gold prices will see the company back on track. Also good to hear the other mine is performing well
Much better - now back over 10p over next few weeks
700 oz pw still less than 1/3 of expected output for Kouroussa in year one - it's better than nothing I guess.
Good news would be if placing arrive
Only good news that the RNS is not a placing.
Obviously the MMs knew the RNS and drove SP down.
I hope that with the update later in April the situation is more clear and impact also better understood for 2024.
We own only 80-90% of the mine and secondly we created the first 6 month … than ebidta is not profit … its way less than what you write will be the outcome. Defacto we would make more profit with YOU alone in 2024. Still have a good view for 2025 but this is a mess could take month of sorting and far away till KOU is run on performance
The problem is that this is a gold bull run, if you don't make hay whilst the sun shines you sure as hell are going to struggle when the clouds descend.
Nice update, onwards and uowards
HI Gold investor even at your figures of 120koz at $1800 costs we are not too bad! 60000 at say $2100 (due to hedges and reduced gold price at start of year) and then 60000 at $2350 (less than current gold price) we would still make $18m and $33m which is $51m we could pay off the debt and as we both know once we hit commercial production the IASC would go down significantly and the amount of gold produced would increase and we would next year be in a great position. Nor concerned at all even with your figures.
That hedge isn’t looking quite so smart at the moment
I can only repeat the risk …
We was told 1250$ for 180K-200K oz in 2024
Now we already told that YAN runs on 1500$oz in 2024
Including this mess we end up for the on what?
120Koz with average of 1800$?
Its an absolute mess and our profit is melting to nothing with the management will get zero consequences
Ugly is spelt with one G
Also I love the “someone told me” line
You really are a clown 🤡
Gold investor you really are a comedian
Even to compare HZM with HUM is a joke
Gold investor, you're clueless beyond parody, filtered for being thick.
We have zero insight of KOU cost control. Last time we thought they are good we had a 20M gbp placing. We burn money like nothing else … its the same volume as in Q4-23. Complete mess - you need to pay contractors and overhead at low volume outcome