MON monarch gold mining company limited
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chart query from latest announcement

  1. bggb
    180 Posts.
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    18/12/07
    15:05
    Post #: 3172293
    Looking at their chart in the latest announcement it looks like they are going to be a fairly high cost per ounce producer. In Feb 2008 around $850AUD/ounce with gold currently around $920AUD/ounce thats not much of a margin. If gold keeps coming down in the short term its looking uglier and uglier for MONS TXS listing. According to the chart the cash cost per ounce now is around $2200 per ounce which means either the chart is wrong or I am reading it inaccurately.
    MON Price at posting: 0.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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