People put way too much importance on the gold price. In reality prod oz is better at increasing profitability. I've proven that in my gold mining cornerstones NST and EVN
Post #:76718175I would also caution those that extrapolate SP using the gold price. Even if GMD achieves expectations below there is absolutely no guarantee the SP will respond in kind short term. LT however it will touch fair value. Albeit sometimes very briefly. Adam Smith is a lot more eloquent on this fact than I can ever be.
Post #:76679159Nothing wrong with a longer timeframe. Realistically $3 is possible November 2025 If GMD can hold that green trend line. It looks to have bounced of that today. Which is very encouraging.
To stay on that trend line GMD will need to deliver on these expectations. Will need to check the Dec Quarterly scorecard if GMD is on track.
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