the fundamentals 'right now' is that the 2.3m ounces in the ground according to Bell Potter analysis is valued less per ounce than its peers...so theres room for share price appreciation before anymore are found with the drill bit. BellPotter 28¢, Argonaut puts a 30¢ valuation Technically the chart has a consolidation in the 28 - 35¢ range ,,,so we should be in this range right now ...we're drilling,,, gold prices are off the highs but holding up and set new highs in weeks ahead if central bank buying continues etc etc...Even if the POG falls quite a bit from here the profit margins will still be decent. So probably fair to say the outlook is good even in the worst case scenario.
presently 3:25am the U$ gold is trading higher on the daily. ( **promotion blocked** not allowing me to see the chart in AUD ) TA shows it found support at the juncture of horizontal support ( previous high zone) and a fib -62% retrace from April low to April high.
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