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19/05/16
18:58
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Originally posted by foxbat101
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As i see it, the gold price has had a good rise, some gold shares are up well over 100% some as high as 1,400%, now any rise of that amount is going to have the people that have had the benefit of that size windfall say hey, i want to take some money off the table.
So i am expecting a settling of my gold shares for a while, now if, and i say IF the gold market pushes further that is where money and good money can be made.
If the gold market declines from here so be it.
Good luck.
Peter
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Looking at KCN december quarterly. Challenger produced 19000 oz at cash cost of 800 aud. This provides inflows of $900 an oz at current prices.
If WPG can produce 15000 oz with a cash cost of $1000 this may give them $10M a quarter.
I think Challenger West will provide good cashflow for further drilling and new methods to extract from Challenger deeps.
It has 88k oz of gold which enough for a year of potential production.