Paper
Share price has dipped whilst Md is dipping into the trough at the Melbourne festivities.
But, gold is holding and even climbing a smig.
so gold at $A1400 and costs at $A700 ish leaves a good margin ,in fact look at this way
$A700 per ounce margin/6 tonnes of ore to the ounce
$116 PER Tonne margin
Not bad, try getting that out of Iron or Coal
The other takeaway is operations to commence February 2015 ! Hello, happy New Year
Could we would assume there would be a funding announcement imminent and Capital raise or merger not far behind
SP to sky rocket
So why so cheap ?
Ann: RIU Melbourne Resources Round-Up - Presentation, page-4
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Last
$1.20 |
Change
0.075(6.67%) |
Mkt cap ! $111.9M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.20 | $29.89K | 24.92K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 413 | $1.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 2000 | 1 |
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