You're right about the noise.
Looking at a 5 year gold chart,I see that spot gold rallied from $1,450US,which was a major key support level from November 2019. The present key support level from the recent record high to watch now is $1,764.
Using the baseline target of 12mill oz set by management with those support levels gives an in ground value of $17.4B for the lower number, and $21.2B for the higher one
With current SOI of 1.5B that amounts to $14.11/share for that higher figure gold price. I'm more inclined towards the higher gold price baseline,as I think there's a snowball's chance in the Pilbara that gold will crash to $1,450. Of course, anything is possible with the criminal banksters lording it over the metals sector, but I think it's a good base case at any rate.
A.I.
Ann: Greater Hemi - Gold targets light up at Scooby & Antwerp, page-108
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