Ann: Exceptional gold grades intersected at Mulga Bill, page-171

Great Boulder in the Right Place at the Right Time

At the time of the Andy Well discovery, back in 2013 gold was in the doldrums and trading at AU$1,400 yet on the strength of Andy's Well Doray was able to achieve a market cap of more than $200m whilst most mines were barely profitable. Well now the gold price is AU$2,370 and rising and with the extra $1,000 per oz all going to the bottom line, just think what this massive increase in profit what would this have done to the market cap back then.



Below is an extract from the ABC News back in 2013. For the full story click here: Low Australian dollar a boon for mining industry - ABC News