A successful dry run of the Peak upgrade this month will see the share price start to re-rate. Even 50-55 is way below what I expect it to shortly become. Macquarie's previous $1 is more like it, though I suspect that might have to wait until we are a month into mining Kairos. The gold price really shouldn't be affecting us since we have around 30,000 oz to still wipe at the hedged price of $1854. Once this is gone, it will be interesting to see if the extra $300 an ounce is still the going rate and if so, since this would effectively add $30 million of income on 100,000 oz p.a. if that causes a re-rating. It should!
A successful dry run of the Peak upgrade this month will see the...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $296.0M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.3¢ | $647.5K | 3.680M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 208881 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 849774 | 14 |
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| AMI (ASX) Chart |