RE: POG Steady15 Apr 2020 17:00
Extraction of the ore from the ground remains much the same for either deep or surface - ROUGHLY $800 / $ 1000 an ounce, albeit NCM are credited with being one of the most efficient and low cost miners - block cave etc. etc.
Thus the higher the POG, then then clear increase in base line profit. The more concentrated the grams per ton - the higher return per one ton of ore extracted. Thus - obviously 10 grams / ton will be twice as profitable as 5 grams / ton.
Combine high gold content / ton with POG up from $ 1200 /oz 2 years ago , to current POG , already over $ 1700 oz and rising, and life looks potentially very rosy.
Annual global gold production is falling and unable to meet demand, - hence the world also trades in " paper " gold, which , when the worlds economies collapse, as is now happening, the money looks for the safe haven - hard physical gold.
There are professional dealers - Bill Murphy e.g. of metropolecafe who reckons it will be through$2000 this year and nearer to $ 3000 in 2021. And GGP / NCM are sitting on the potential Goldmine. The POG could make the difference of a valuation on Havieron alone of $ 800M / $ 1 Billion, / $1.5 Billion - who knows.
I know nothing about mining or gold except what I read on this site and elsewhere, but enough to know that this an absolute stunner.
tig