One of the interesting things about the gold industry (and generally most of the mining sector) is the financial strength and less debt than in recent cycles.
Specific to LYL, likely three of their biggest clients in the next three years, WAF, PRU and Endeavour, have some of the lowest cost projects and best financial positions to execute them. Gold could fall to $1500/oz and those projects still work.
Would be good to see a bit more work outside of Africa and gold. The lithium projects are a nice little entry into that market. Base metals projects generally probably a bit too large for LYL. I have heard some good things about Mondium on the grapevine.
One of the interesting things about the gold industry (and...
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Last
$13.61 |
Change
0.120(0.89%) |
Mkt cap ! $540.8M | |||
| Open | High | Low | Value | Volume |
| $13.68 | $13.90 | $13.52 | $542.8K | 39.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 168 | $13.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.67 | 168 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LYL (ASX) Chart |