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Spot, dream is all it is.
To regenociate Sukari would be the finish of cey.
Not possible.
Suicide.
The current a licence is till 2034.
For 160 km sq of which 157 is in law.,
But what now is available will at current extraction be more than sufficient.
Any new law with better terms will only apply to new licenses..
Not current.
A new license outside that area would mean a totally new mine and new processing plant .
As Sukaris plant has been paid for by the government including all machinery unless hired ,
It is simple economics.
If you are going through an area of lower grade,it is necessary to processes it .
Then it is removed and the plant still produces, albeit less ,rather than a total loss by removing and dumping.Fuel costs for that in one day are astronomic.With mo benefit.
To shut a plant down ,such as this is not possible ,it is right to process till you pass to higher grades.
As happened I 2018.
At least you are covering costs of clearing low grade.
Drilling gives a general idea of the geology,but yard by yard no.t total .
Gold there runs in seams,
Very labour intensive to follow.
As it has always been .
The open pit it is necessary to take pot luck knowing it is a High concentrate area.
Keeping the very expensive plant functioning.And covering costs at least.
Not pouring money in for minus return.
That s intelligent financial management.
In my past I have heard so many brag about turnover ,but at what profit, profit is king in all business .
Sorry if I bore you.
GLALTH
Mr Tibbles,
Although I appreciate your views, they are only your views.
Others see different.
Your negative views,as in the past over optimistic are just your view,overall this company ,their philosophy is not far of the mark.
New mines ,self sustaining.
Good whats wrong with that.
You have a budget perform.Or pull the plug.
That is strong management.
You do not see that often.
Life is learn from previous mistakes,.
We all have made them.
Yes Joseph is culpable ,for much.
But he is now just being tolerated ,with much lower esteem.
He is not important.
The future prospects are important.
So I wish you and Rebess well.
In your investment with Kinesis.
Cowichan, I agree with your sentiments ,too many negative sentiments by far on this BB recently.
I understand why but mining is not like mass production because mother nature is a fickle partner.
Hi flopticalcube,
Yes I remember you are based in Canada.
Its as I suspected ,what you said, but like you after many years here is not a big surprise.
The mine as it is has 30 years or more reserves,which most don't realise.
Once the rest is opened ,only another 160 sq km, with much more to follow ,but under the new terms with EMRA the price will likely be 10 fold or more.
One day people will wake up.
Trouble is I may be dead,lol.
er
There have been no open short position since mid March.
More likely algos,
There is no real logic to the SP, in that.
The price does not seem to follow large buys or sells ,as a series of either affects equally.
That is not logical Captain Kirk.
Unfortunately the Mms don't use rationale ,they use any little thing to push the prices in both directions depending on their current position. And the sheep follow.
So there must be collusion ,as they share information ,the cartel.
Look at the number of institutions that have been fined over the years.
The problem is the punishment is not equal the crime.
The fines and compensation , should be equal to BP s Deepwater horizon ,then they might take notice.
According to Head of research of the Julien Bauer Group, Christian Gattiker.
The war of currencies is likely the next war, US $ versus Chinese Yuan.
I am inclined to agree ,it has along with the rouble already started.
A long war of attrition .
I think those in between backing sanctions will suffer most.
Sanctions and blockades of trade ,are desperate attempts at strangling competition for goods because a currency is grossly overvalued. ie, the dollar.
IMHO.