6800 grams ie 214 ounces in 6 weeks total of $372,000
They are now producing 24/7 each ounce currently sold for average of $1706
They have a mobile plant with expertise and obviously they have many JV'S to consider so that they can move straight into the next project in 2 years time.
Based on the production they will after costs of $650 per ounce start accumulating cash in excess of 2 million a year pathing the way for a dividend. Based on current share price a 10% dividend would only cost the company $800k.
They have no debt and with China buying gold as they only have 1.3% of GDP in gold held currently then this price is set to go.
Already we have seen analysts chard indicating that gold is about to spike and with the company owned by a chinese group 405 and 80% held by the top twenty this share price is very cheap.
DYOR
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6800 grams ie 214 ounces in 6 weeks total of $372,000 They are...
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Last
5.0¢ |
Change
0.005(11.1%) |
Mkt cap ! $5.759M |
Open | High | Low | Value | Volume |
4.7¢ | 5.0¢ | 4.7¢ | $9.97K | 200K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 107500 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 107500 | 0.050 |
1 | 94445 | 0.045 |
1 | 3112 | 0.044 |
1 | 25000 | 0.040 |
1 | 143437 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 50000 | 1 |
0.065 | 26666 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 11.09am 11/09/2025 (20 minute delay) ? |
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