ASIC are now $986 AUD, production at an annualized run rate of 75,000 oz.
Aust gold price now $1,759 per ounce, leaves a nice fat juicy $773 margin and cash flow of approximately $57,000,000 per year.
Allow for tax and profit around $40,000,000
Nice considering market cap only $131 million.
Almost trading at a P/E of 4....!!
Increasing volume today and a close above 0.30 will confirm the break out.
Cheers Lute
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