One point.
I have heard that operations less than 50k oz are hard to be run profitably... economies of scale and all that stuff.
This was at a gold price of about 800 USD/oz though.
No idea whether that's true... but maybe the market is waiting for confirmation that production can be increased to 100koz.
Maybe this mentality still affects smaller producers...
That's the "real" buy signal for me... at the moment its an accumulate on weakness...
Ann: ASX code , page-7
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12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $30.11M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $9.8K | 81.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20590 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 16411 | 3 |
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