The beauty of these drilling programs is that they are funded with free cash flow generated by the recent rise in the POG. We are fortunate to have a wealth of exploration targets right on our doorstep. Just a not on POG. Taken a hit of late. The A$ has firmed against $US. Would suggest that as 2020 unfolds the $US will continue to weaken. While it will be good for $US POG the A$ POG will eventually take a hit. Unless the RBA drops interest rates again.
Check out this George Gammon tut about the POG
https://www.youtube.com/watch?v=HpqJ-sFScxA&t=231s
The beauty of these drilling programs is that they are funded...
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Last
34.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 513095 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 90200 | 4 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| VAU (ASX) Chart |