Gold has hit $1900USD again, with continued lockdowns in Europe and likely to see a large stimulus in America after the election results have cleared resulting in further upward pressure on gold prices.
Every $50USD above $1850USD gold price is an extra $1.3M USD of revenue for MLL based on pure tailings production.
The forecast gold price of $1850USD means MLL revenue forecasts will undoubtedly be beaten quarter after quarter. Add in additional satellite feed which will further boost quarterly production forecasts.
Management has essentially set themselves up to produce a constant stream of positive announcements following the start of production.
- Forums
- ASX - By Stock
- FFX
- Current SP and any other thoughts
Current SP and any other thoughts, page-7641
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online