with 26g/t they are going to need at least 1.5m oz to be in the large scale commercial if it comes in at say 700k oz youre looking at maybe 32c a share based on quite a few shares on issue. Cost of getting mine operational and so forth.
Still i guess just reigning in expectations - could be a buy at 20c but at 26c and with the RSI hoveirng near 60 just seems like theres a bit of weakness until ( or if) those drill results come in on the upside ( or downside)
if u wanted to play with a iffy perhaps stop loss at 23c with a 26c purchase just dont expect any action for a few weeks
- Forums
- ASX - By Stock
- MCO
- gold exploding upwards
gold exploding upwards, page-10
-
- There are more pages in this discussion • 9 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries