I thought I would drop the price of gold over the top of SBM to try and work out whether there is a certain POG where the market considers SBM is profitable and the price jumps suddenly.
Unfortunately I couldn't find that magic "in the money" level I was hoping for. I did find that despite the high cost of SBM production and various other issues alluded to here that SBM pretty well tracks the POG and has done for a long time.
The biggest discrepancy was during the general market slide last year - but even Lihir fell more than could be expected back then while Newcrest tracked the POG closely.
Time will tell - the recent fall was nasty - in fact one of the worst ever for SBM but I suspect that a lot of buyers don't look too closely at the company, cost of production etc. They will simply trade the sector - including SBM based on the POG.
Based on that I would expect a bounce - although I must admit that a healthy dose of skepticism needs to be applied here.
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $184.0M |
Open | High | Low | Value | Volume |
22.5¢ | 22.8¢ | 22.0¢ | $390.5K | 1.739M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 1812053 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 2018 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 1786874 | 0.220 |
20 | 730202 | 0.215 |
33 | 923324 | 0.210 |
15 | 273956 | 0.205 |
26 | 452824 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 8434 | 9 |
0.230 | 796699 | 14 |
0.235 | 656008 | 12 |
0.240 | 440853 | 13 |
0.245 | 572108 | 15 |
Last trade - 15.53pm 05/06/2024 (20 minute delay) ? |
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Last
22.5¢ |
  |
Change
0.000 ( 0.62 %) |
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Open | High | Low | Volume | ||
22.5¢ | 22.8¢ | 22.0¢ | 1137580 | ||
Last updated 15.59pm 05/06/2024 ? |
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