Andrew,
This is be obtained not via share dilution but Bank finance:
- Capital cost of $52 million and State Royalties including A$19 million for plant upgrade and A$12 million for the first three months working capital.
We will be producing 100-120k of ounces per yr by q4 2012.
Cash costs of 600 after credits. African Gold miners and i hold one, give you those same costs, and are valued with the same EV/oz higher than we are ?
Plus the 70m+ was being conserative to the 'Other' Explorers. I just dont want to single out companies...
I just KNOW myg is being played with. That im certain off. But like soo many stocks, they explode to the upside in a short period of time.
One last thing, HUI/XAU broke into bullish buy signal on Friday night. The whole of Wall ST was down and they broke out.. should be interesting action..
observation, page-8
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Last
80.0¢ |
Change
-0.020(2.44%) |
Mkt cap ! $73.17M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 77.0¢ | $7.061K | 9.123K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1298 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 2292 | 1 |
View Market Depth
| Last trade - 15.19pm 15/11/2024 (20 minute delay) ? |
| MYG (ASX) Chart |