"Hi Plough, the inflation adjusted price for gold is no way near an ATH'
Correct so the relevance of being in Contango for a miner long term is a mirage as , mining costs keep going up due to inflation , so have the likes of Regis closing its hedge book .
“The grade we’ve found at Never Never is about six times what they used to process at Dalgaranga, so we have a lot of fat in our margin when we turn our plant back on.”
Disingenuous statement given underground mining is inherently more expensive that open cut
SL needs to tone it down IMHO , I very much doubt if NN goes down more than 3kms and at around 1800 OVM that would mean there is only about 5.4M oz which would only just get it into being a Tier 1 deposit . Admittedly it has grade on its side so not your low grade hemi crap type deposit .
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)