I think the price drop is probably a fair reaction. There has been not enough of a balanced discussion, at least on HC, on how these projects are going to take a good deal of time to ramp up. And as initial high cost, will have high risk.
All good projects, but for those looking for free cash flow, 2013 and 2014 are the go.
To talk about gold prices of 2,000+ if fine, but if you believe that is the case soon, you buy Newcrest etc, not a small cap not yet in production.
burnakura feaso out, page-14
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Last
9.7¢ |
Change
-0.008(7.62%) |
Mkt cap ! $62.86M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $28.09K | 288.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 357856 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 87703 | 1 |
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| Last trade - 15.55pm 14/11/2024 (20 minute delay) ? |
| KGL (ASX) Chart |