What concerns me with the BOD's strategy of trying to find sufficient reserves to justify a 5 year mine plan at 150k per annum,is the potential for the POG to drop from its current high of US$2000 to its more normal price of circa 135000 t0 145000 by the last quarter of 2024.I would like to see the numbers of ASIC and gold produced at 145000 to determine the value of the strategy.I am not confident of a sensitivity analysis at these lower numbers heralding a great outcome.I am old fashioned however if I had a gold plant I would be looking to utilise it to make money at 2000 an ounce.Make hay while the sun shines as it does not always shine.
What concerns me with the BOD's strategy of trying to find...
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Last
60.0¢ |
Change
-0.005(0.83%) |
Mkt cap ! $651.1M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 59.5¢ | $2.943M | 4.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 182666 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 49000 | 2 |
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| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
59.5¢ |
Change
-0.005 ( 1.80 %) |
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| Open | High | Low | Volume | ||
| 60.5¢ | 61.0¢ | 59.5¢ | 1333718 | ||
| Last updated 16.01pm 29/04/2024 ? | |||||
| SPR (ASX) Chart |