Gold has just broken above $1200 US. Australian dollar is still sitting below 80 cents American which is great for Australian gold producers...
Will IK be doing everything in his power to get Norton producing ASAP. I hope so.
Will the stockpiles be a huge plus at Norton. I think so...
The concentrate from the stockpiles should help mnm to generate cash flow short term and this cash flow will enable IK to get more equipment....
I am not a gold bull but I like to look at all variables that effect mnm...
It may be great timing for Norton news if Gold is holding/ heading higher...
I know some think I am only looking at the positives with mnm but I do look at all the cons too....
coal prices are down which sucks for coal producers...
If you going to buy a coal producer do u buy when coal prices are soaring and coal producers are trading at premiums or do you buy producers, soon to be producers when coal prices are low??
I like to look LT and buy when the weak panic and sell...
It's all about profit margins imo...
Can nor to be mined profitable- I think so
can brown coal be turned into a profitable fuel/ energy- I think so
Yewwwwwwww
MNM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
