Morning all.
Finally something has shifted in the response to market perception.
Gee, I wonder why that happened?
Well for one the GP went up significantly.
Here is another reason.
I am sure these have been put up before but with the gold price marching on again and the targets expected this year,
Just what will this look like in a few months from now?
Here is the chart which is indicating to me that we are going higher.
We are already above the columns circled above and heading toward DOUBLE the margin that was applied.
Payback is now less than 6 months.
I for one expect to see this sensitivity table being completely outdated.
If we are to see gold at $3,000 US that equates to $4,600 AUD
That is 4 x what we have above the study minimum of $740 margin.
Ah that's why some heads are turning toward the goldies.
Just lucky we got in early hey?
Kind regards, Wack
