11 c just recharged again, very strong support acquiring here,
in defiance of the gold sector sell off.
On a fundamental basis Australian Gold miners still have very
healthy margins, with the AU pog at $1,610 per OZ -they are
the envy of US gold miners whom are approaching at $1,188
$ 1,100 is there approx. average cost of production.!
What does that mean-As US Gold producers cost base per OZ
exceed there US sell price they have no choice but to lay off
& revert the mines to a care & maint status, this in turn, reduces
gold supply & stabilises & or drives the POG higher.
This is all being brought about primarily by the USD rising
& ironically as the USD rises the AU falls -in turn stabilising
the AU -POG.
Trump has threatened to put 35% tariffs on imports, forcing
the US consumer to by USA produced goods, what do we
think the outcome of this should it transpire be ?
imo-The Chinese us imports will fall hence they won't
manufacture to the extent they are -resulting in less coal
& iron require from us this in turn will collapse the AUD,
further driving & or supporting the AU-POG.
We are insulated but not immune, worth mentioning is
ABU is still oversold relative to tenement holdings
imminent news flow & its discovery potential.
Recent asx ann-multi-element discovery by our J.V. partner
has the potential to be not just a large commercial discovery
in its own right but as its a VMS deposit could well mean
this is the just the first in a whole new mineral district.
VMS deposits tend to occur in districts, up to two dozen deposits might be clustered
in an area of a few tens of square kilometres known VMS districts & are good hunting grounds for new discoveries.
Deposits within a specific district tend to have similar metal ratios and a fairly
narrow range in composition.
In any given district, deposits will tend to range in size from less than one million
tonnes to several tens of millions of tonnes.
"IN EARLY 2015, ABM AQUIRED A FURTHER 4,900 KMS OF EXPLORATION
LICENSE APPLICATIONS".
That cover over 140km of strike length of a pronounced geophysical gravity ridge
along the margin of the Aileron and Warumpi provinces.
These exploration license applications now also form part of the Lake Mackay
alliance agreement with IGO !!!!!!!!!!!!!!
Why do we think ABU sought these extra exploration licences?
Why do we think there is such strong buying absorbing sellers -800,000 shares again
already today that's 13000,000 approx.. share traded since the ASX ANN 9 day's ago.
imo-gltah
dsoyor-salt
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