I am doing a small IQ test----LETS LOOK AT THE AU GOLD PRICE CHART FOR THE LAST 15 YEARS.
Lets see who can answer these questions
Question 1- Is gold price trending up or down? Question 2- If the gold price is higher is that good for AU? Question 3- For the AU gold miners mining gold in 2006- Would they have preferred the current Gold Price? Question 4- Lets say the AUL has a ASIC of below $2000- As the gold price goes up they become more profitable? Question 5- If you have hundreds of miles of highly productive land with some good gold targets- Could AUL have much more gold than we know of right now? Question 6- If AUL can be cash flow positive and drill more- Could we be on the cusp of many more deposits being found and mined? AUL already has a working mine so need to borrow money to build a mine. Is this good?
Could the gold price go down or stay flat or go up?
AUL Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held