I couldn't agree with you more pcash.
Their target of 54,000 ozs for the next 12 months will see them earn about $22,500,000 per month after cost of production is taken out. That is a very conservative estimate of $500 per oz profit.
With Aus gold going higher this could easily go up by half again or even more.
So even on my conservative figures this stock is a goer.
If I had some spare cash I know what I would be buying. My avereage is 6.6cps so I have a bit of ground to make up. If I could get more around 3c I would be very happy.
bottom has been and gone...my thoughts, page-2
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Last
14.0¢ |
Change
-0.015(9.68%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $4.409K | 30.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1700 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 6000 | 1 |
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| Last trade - 15.44pm 05/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |