The median price of gold in 2009 was US$1014, we currently have gold at US$1080 I see support levels at US$1075, so gold we would hope would trade above those levels through 2010.
Remember gold traded as high as US$1226 and was up 25% last year.
What will it be up this year?
Lihir will be selling its production at spot so work out what you think the POG could be this year and then calculate their production take away cash costs and compare to the margin they made last year, this is not however a true indicator of profit.
The reduced production is not all bad.
There is money in the bank and some proceeds to come back when the Ballarat op is disposed off.
The median price of gold in 2009 was US$1014, we currently have...
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Last
$1.46 |
Change
-0.030(2.01%) |
Mkt cap ! $178.2M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.46 | $151.9K | 104.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 6754 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| LGL (ASX) Chart |