With all this global uncertainty, the recent steady price of gold in A$ terms is interesting. Wonder if some volatility in rates, etc could lead to some sustained upside. With the implied returns in the Patersons report, one could see a case exceeding the feasibility case (1550 per oz). The RIL yield is also key.
24c target from Patersons, page-8
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Last
9.5¢ |
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Mkt cap ! $7.993M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2191 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 20000 | 1 |
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