GOR's presentation to Noosa on 21 July 2017 detailed for Gruyere that the production cost per oz (AISC) was $A 945 ($US 690). If you use today's price of gold $A 1,667 ($US 1,332) then the margin is $A 722. If you use a more normal long term $A at say 0.75 then the margin is $A 856. So the 150,000 ounces per year translates to $128 million of profit. GOR is a big margin gold miner so it is very low risk. The $2.50 forecast may be conservative considering how other gold shares sp have multiplied since they commenced production.
Please find more gold GOR and blow the share price over $3.
I think the management of GOR is top shelf.
Keep the Faith
Gold Investors Unite
GOR Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
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