low grade does not mean higher risk. low margin means higher risk. high grade underground is just as risky as low grade open pit, just different types of risk. i own shares in a Canadian gold miner with AISC of US$450 ish on a grade of 1.5gpt. but the strip ratio is around 2
now the risk return ratio favours the punter given the potential upside. unless you can see a 5 to 10 times return why bother with gold stocks as long term punt, short term is different of course.
right now 5 times is possible over a couple years , 10 times needs a bull market in gold equities and signicant exploration success....and of course a succesful mine!
The biggest risk right now is a heavily discounted CR
low grade does not mean higher risk. low margin means higher...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.24 |
Change
0.020(1.64%) |
Mkt cap ! $1.372B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.32 | $1.24 | $6.139M | 4.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13426 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |