- the gold price in US$ terms looks solid, but we could be very close to a reversal in the $US/$A exchange rate … I.e. $US could tank at anytime with the crazy things Trump is doing and the new world order. - At $A 4400 OBM are effectively locking in ~$240 million on 66% of our next 12 months production - what would we think if ~ $50 million was going to be utilised to substantially upgrade the Davyhurst mill, to be able to process over 2 mtpa? Biggest cost would be at the front end crushing/grinding and could probably be completed in a modular fashion without interrupting current volumes.
in Luke Creagh and a conservative Chairman .. I trust
institutions are going to love this move … watch reaction by Wednesday
OBM Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
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