Gold price is range bound at the moment, waiting on the USA to pass their 1 trillion stimulus package. One trillion dollars just like that, do you know that it took the USA nearly one hundred years to amass their first trillion dollars in debt. And now, here we are and in one single program they are going to print/create a trillion dollars, insane but that is the world we are living in at the moment.
Barely anybody has passed comment on the European Central Bank creating half a trillion Euros last night in magic money, then again it's not out of the ordinary, every country is doing the same. So while this print fest is going on and it ain't stopping anytime soon gold is only going the one way and that is up, up ,up.
Production at Morila is on track, actually we are slightly ahead and tailings are on track to produce a profit of over $26,000,000 AUD up until june/july. Considering we have based our figures on a gold price of $1800 per oz US , I have a feeling that $26 million profit from our tailings is very conservative when you consider that most commentators are predicting a gold price well north of $2000 US per ounce.
Hold them tight people....................very interesting times ahead................Oh and don't forget about our fully permitted, globally significant lithium resource.
All imo and DYOR
FFX Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
