Gold price in 1970 to 1980 bull market went from around $35 USD to $880 USD in 1980 (25 times rise in 10 yrs).
Gold price in 2000 to 2011 bull market went from around $ 250 USD to $1920 USD in 2011 (7.7 times in about 11 yr).
If the new gold bull market has started from early 2016 at $1050 USD and performs in a similar manner we could be looking at a price between $8085 and $26250 by 2027. Imagine what a mine with a 11 million resource is worth then?
Sons of Gwalia went into receivership back in the day. Assets spun into SBM. SBM spins half assets into saracen resources now merging with NST for second biggest ASX Gold company. Price is everything..
Gold price in 1970 to 1980 bull market went from around $35 USD...
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Last
0.6¢ |
Change
0.001(9.09%) |
Mkt cap ! $18M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.4¢ | $20.27K | 3.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 960000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2469004 | 9 |
View Market Depth
| Last trade - 15.51pm 03/05/2024 (20 minute delay) ? |
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Last
0.6¢ |
Change
0.001 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.6¢ | 0.4¢ | 1705469 | ||
| Last updated 15.51pm 03/05/2024 ? | |||||
| CTO (ASX) Chart |