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's presentation to Noosa on 21 July 2017 detailed for Gruyere...
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Last
$1.78 |
Change
0.025(1.43%) |
Mkt cap ! $1.922B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.82 | $1.78 | $6.846M | 3.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71628 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 4887 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |