new financial year dawns and we still have gold holding super...

new financial year dawns and we still have gold holding super strong over the U$1,300 mark

if we can close at 16c or better today, I think it would mark a break of the sideways range of the last few months. Investors will demand money put into aud gold producers and eventually you get into an ever decreasing sized pool of companies not trading at big premiums

the perceived short LOM is just that, a reason for people to not invest, whereas it's pretty standard practice to grow the oz in the ground as a moving front of requirement and not necessarily waste capital with a massive drill program

how long can this stay trading at 2.5-3X earnings?

RMS, capitalised at $207m, last qtr only produced 26koz at AISC of A$1,196... for a ~100% premium to MOY? presentations show LOM's of 1-4 years, so not as if they have 5-10 year oz in the ground JORC'd