MXR maximus resources limited

Gold just reached $1,108 after trending up all day. Could be...

  1. 3,267 Posts.
    Gold just reached $1,108 after trending up all day. Could be more records tonight.
    The strength of the Aussie dollar to the US has seen the AUS$ gold price a bit more subdued, up $ to AUS$1,196 up $11

    As the dollar reaches parity with the US$, the two gold prices will get closer.
    Either way, great for MXR's three gold projects and the JV's, also, don't forget MXR's top share holder position with ERO who have two gold projects on the go, one of which is in QLD and is an operating gold mine ( currently being changed to maximise production).
    I reviewed the gold capital expenditure costs with MXR's Selheim gold project and it looks like the capex estimates were to high and will be lower which further improves project economics.
 
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