PoG up over US$1370/oz. March Q average PoG wasUS1177. On a production of 20,000 oz that's US$4 mil (A$5.4 mil) extra cash per Q. If PoG holds the A$8.8 mil line of credit from metro may be redundant before it begins.
Just as a point of interest.on rough calcs, the value of Siana's resource/reserve has increased by over US$125 mil over the last month. With Brexit running for at least the next two years, increasing deflationary pressures globally, and the rapidly decreasing confidence in fiat currencies, can only see an upside for gold. Interesting article yesterday reported Greenspan calling for the introduction of a gold standard. Gold as the world currency? Big WOW.
My thoughts and calcs so may not be worth two nobs of goat crap. DYOR.
RED Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
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