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Cashmeoutside

3,076 Posts.

1870

28/08/19

08:31

Post #: 40186909
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Originally posted by runaway ↑

Gold's entering a bull market, likely to go over $2000 USD, maybe much higher, and ageing gold mines are running out of reserves. There's a definite need for exploration and new discoveries. Gold mines having a approximate AISC with a variable percentage higher or lower of let's say 5% means that for every increase in the gold price it's a significant uplift in net profit.

With the iron ore price dropping there's a lot less tax flowing into the governments budget and the rest of the economy is not encouraging. Therefore, likely a further decrease in the AUD, inputs may slightly increase due to this, but it's offset by getting a higher price for gold.

Gold companies SHOULD do well over the next 3-5 years...

https://www.abc.net.au/news/2019-04...ustralian-gold-miners-tipped-to-fall/11056240

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Agree with all of that. Your comment in last paragraph re govt coffers concerns me. Let’s hope the WA govt doesn’t flow through with an increase in the gold royalty should prices increase like they were floating recently (from 2.5% to 5.0%)...

HMX Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 3.9¢		Change 0.000(0.00%)		Mkt cap ! $34.56M

Open	High	Low	Value	Volume
3.7¢	3.9¢	3.7¢	$9.427K	245.8K

Buyers (Bids)

No.	Vol.	Price($)
1	35279	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	22070	1

View Market Depth

No.	Vol.	Price($)
1	35279	0.038
5	493814	0.037
4	425000	0.036
2	162555	0.035
3	175000	0.034

Price($)	Vol.	No.
0.039	22070	1
0.040	261458	3
0.041	406355	2
0.042	196000	1
0.043	177000	2

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