Reading money Morning today and alex cowie says that there is a asx listed stock with and i quote "First, its deposit has a very high grade at 12.5 grams per tonne. It's unusual for any company to get gold deposits with grades in the double figures. Most gold miners are very happy to be looking at 3 grams per tonne. But this stock's high grade means it can get away with mining and processing less ore. And that massively reduces its operating costs making its profit margins bigger. Second, as well as the gold, it also has 161 grams of silver per tonne" At first i thought i knew who he was talking about and went back through my research but i was wrong. Anybody seen a miner or explorer with this sort of result??
Upgrade underpinned by recent high-grade results at Countess including 7.3m at 12.6gpt, 3.4m at 12.5gpt and 13.4m at 5.8gpt; Ore body remains open at depth http://www.focusminerals.com.au/new...er-drilling-results-at-tindals-mining-centre/
You sure boneyard?? I already hold a little of FML and wont argue the gold content but nowhere do they say anything about a Ag resource.
________________ is at the start of its life as a gold producer, and is based in ________________________. The company's project, ______________, is already in the early stages of production, and is starting to make good money. Even though it is at the start of its life, and only produced a fairly modest amount of gold last financial year, the company still accumulated a war-chest of $28 million in cash and bullion. The company has two aces up its sleeve to help make it so profitable. Firstly the deposit has a very high grade at 12.5 grams per tonne. It is quite unusual to get gold deposits with grades in the double figures. In fact most gold miners are very happy to be looking at 3 grams per tonne. This high grade means you can get away with mining and processing less ore. This reduces operating costs a great deal, making for bigger margins. This is helped by low labour costs and simple old fashioned mining. The second ace up its sleeve is the amount of silver it also has in its ore. As well as the gold, it also has 161 grams of silver per tonne.
Doh well arnt i the stupid one :/ ive been actually going through the last quarter reports trying to find it talk about working harder and not smarter.
Alright tease. Next time I am in Brissy, I will, on behalf of all silverstackers, shout you to a cup of the finest coffee. Now that I have grovelled, for the benefit of all, what is the name of the company?
Not hard to find out with a google. I also pay for the privilege. I think there are more attractive companies trading than XXXX though. Sure it has excellent grades and is arguably a good company. So much of this i feel is already built into its share price though and there are others trading at a better discount to future earnings.
