in 2002 I was importing stuff from China at 55c to the US buck. the year before it was 48c
if gold goes to US$1200 and the Aussie to 60 c that is AUS$2000 gold
MCO does 20,000 ounces pa at $1500 margin is $30million pa profit
60,000 ounces at $1500 is $90million pa
THIS IS ACHIEVABLE NOT A DREAM!
I have seen it before. the high grade WA nickel miners like IGO went from 20c to $9 in four years simply because nickel went from $5 to $20
Thats the power of leverage
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.820M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5384 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1 | 1 |
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| Last trade - 16.11pm 04/07/2025 (20 minute delay) ? |
| MCO (ASX) Chart |
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