Of course the price of gold is relevant to ABU.
If the A$ price of gold is $2000, if ABU manages to mine and sell 50,000 ounces for the rest of this year, that is $100 million of revenue. If they manage to mine 100,000 ounces, that is $200 million of revenue.
Given Old Pirate is going to be a low-cost open cut mine, the cost to ABU should be under $1000 per ounce.
Result - a price of gold at A$2000 equals huge profits for this company,
Assuming the mining license gets granted, of course.
pog relevant to abu or not, page-2
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