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CAI - General Chat, page-693

  1. 6,572 Posts.
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    https://hotcopper.com.au/data/attachments/5067/5067958-4bfaee75626eb73cace85faa3e8a12af.jpg
    Here's the chart of the gold price in AUD over the past 8 years. The price is now close to its highs. If CAI is struggling to make a profit under these buoyant conditions, I'd say its future is looking quite uncertain. I would have thought that the current POG in AUD would have looked like a fantastic outcome and opportunity for any goldminer starting 4 years ago. Yet here we are today, and holders are just hoping the gold price increases even further just to make this mine work.

    All IMHO, DYOR

 
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