I thinks its just initial 32k oz which are hedged, this seems nice strategy when gold was falling, I guess now its biting.
They have an estimate of 54koz by june09 and 100k by june10, there is a possibility of multifold increase in production.
They would be cashflow positive, which is a big deal in current market.
Is there a chance of reserve increase? any idea fellow comrades?
a 1198, page-32
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Last
18.0¢ |
Change
-0.010(5.26%) |
Mkt cap ! $51.58M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $6.706K | 36.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20497 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 47412 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |