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.
Current Strategy
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Last
73.5¢ |
Change
-0.025(3.29%) |
Mkt cap ! $811.8M | |||
| Open | High | Low | Value | Volume |
| 75.5¢ | 75.5¢ | 73.0¢ | $1.490M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 28191 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 163513 | 2 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
74.0¢ |
Change
-0.025 ( 2.34 %) |
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| Open | High | Low | Volume | ||
| 74.8¢ | 74.8¢ | 73.0¢ | 202798 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| SPR (ASX) Chart |