Morning All,
I may well be sin binned for a month shortly, so let me take this opportunity to throw up a few charts.
Commentary is limited. You can draw your own conclusions, if any are indeed to be drawn.
Notes:
1. These graphs are the top 9 (I left of Newcrest which is clearly number 1) gold producers in Australia based on Mar-12 quarterly production figures.
2. Cash operating costs are "raw" from reports. They may / may not include royalties
3. Market Cap is today's Cap versus a year ago today - approx only.
So, what are these graphs you may ask? It essentially provides a very rudimentary comparison with our competition for the investment dollar. They are not designed to show FML as good or bad, they are what they are.
PRODUCTION V MARKET CAP
This chart shows the last quarters (Mar-12) production figures and the current market capitlisation of each company.
This is the same chart, but based on figures from a year ago (Mar-11 quarter). Easy to see how things have changed.
This chart expresses the change between Mar-11 and Mar-12 data in % terms of the change in production and market cap.
PRODUCTION AND CASH COSTS
Same production % change as above, but this time overlayed with the change in cash costs. Interestingly, and except for Evolution, Integra and Silver Lake, the red % change in cash costs and market cap are inverse (as you might expect). Definitely shows a link between a rise in cash costs and a decline in market cap - not definitive, but a link exists.
Simple chart showing how cash costs have changed in $$$ terms over the past 12 months. St Barbara, Evolution, Norton and Regis being the only 3 companies able to reduce cash costs in times of high labour and energy costs over the same period.
Finally, Cash Costs v Market Cap. Focus, Norton and Saracen are firmly in the middle of the production profile but have 3 of the 4 lowest market caps. Why is that I wonder...
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Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6445 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 9385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6445 | 0.135 |
4 | 56255 | 0.130 |
2 | 8621 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 9385 | 1 |
0.150 | 63338 | 5 |
0.155 | 29573 | 4 |
0.160 | 78550 | 4 |
0.165 | 36616 | 2 |
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