I think that GOR is subject to day traders buying and selling to make a few bucks, plus some shorters, but once full production starts then the price will move. Remember the original price of gold used in the feasibility studies was $AUD1600. It is now close to $AUD2300.
The AISC is $1,025 per oz. So based on the feasibility study the margin was going to be $AUD575 per oz, At the current price of gold the margin is $AUD 1275 per oz, an increase in margin of 122%.
Ann: Yamarna Exploration Update, page-16
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Last
$1.76 |
Change
-0.005(0.28%) |
Mkt cap ! $1.907B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.78 | $1.75 | $8.230M | 4.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12856 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 41671 | 4 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |