NR your analysis seems pretty much on point.
the price of gold continues to be supportive of the SP.
spot gold continues to hold just shy of all-time highs and on Monday evening Sydney-time was quoted around $1,979/oz and in local currency terms was fetching around AU$3,017/oz. These prices should translate to handsome margins and profits per ounce.
there's been no news from the company about any major negative with operations.
so, SNAFU.
Ann: New Gold Discovery, page-44
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