I thinks its just initial 32k oz which are hedged, this seems nice strategy when gold was falling, I guess now its biting.
They have an estimate of 54koz by june09 and 100k by june10, there is a possibility of multifold increase in production.
They would be cashflow positive, which is a big deal in current market.
Is there a chance of reserve increase? any idea fellow comrades?
I thinks its just initial 32k oz which are hedged, this seems...
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |