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0.00% 20.5¢ wiluna mining corporation limited.

Oats, BLK is probably the most highly leveraged company to the...

  1. CaptainGrumpy
    4,596 Posts.
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    13/04/18
    19:34
    Post #: 32447290
    Oats, BLK is probably the most highly leveraged company to the AUD gold price on the ASX. They have an extremely large resource, the majority of which is, (IMO only), uneconomic at current prices. If the AUD gold price rises, this ore starts become economic and the value of the company begins to rise exponentially. For the AUD gold price to rise you need the USD gold price to rise and/or the AUDUSD Forex pair to fall.
    BLK Price at posting: 7.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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