MAU 0.00% $1.31 magnetic resources nl

im an old miner so I've been more focused on the cost to...

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  1. 532 Posts.
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    im an old miner so I've been more focused on the cost to get it out of ground and process then selling it while it's in the gground. but there is lots of gold in the ground . very little actually turns into gold bars .
    so talking aud dollars average cost to get out these days is closer to $2000 if not over. some mines yes sub aud $1000 but few.

    but I agree with you. it looks pretty clear from the presentations they are boosting the resource to sell it. that's where I was coming from in terms of value. why buy this one when everyone else is valued much less (at least on an ounce basis) and then recent deals where done around $200 per ounce for much higher grade deposits.

    but to be honest I shouldn't over think.. if I had bought a few thousand earlier in week when i first posted I'd already be up...

    so I have no idea !
 
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