This is more a currency play vs gold price play. As rates increase on USD you would reasonably expect AUD to continue to fall. Extended period of low commodity prices and low AUDUSD should see AUD gold price at relatively high levels for an extended period of time.
Perfect time for MLX to be doubling production. If they can manage operational risks (which is always the big IF with gold miners) this will be a cash printing machine. Share price could double over the subsequent 12 months in my view if they can bring CMPG online + macro factors play out as above.
This is more a currency play vs gold price play. As rates...
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.5¢ | $591.9K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 225200 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |