GOLD gold futures
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shakespeare..a bit rough..more like 20c a share profit at...

  1. Mrs_Peel
    4,468 Posts.
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    08/02/09
    22:51
    Post #: 4774018
    shakespeare..a bit rough..more like 20c a share profit at current prices.

    cost to produce per ounce is $600AUD

    at current price of $1340AUD, that leaves around $740AUD profit per ounce.

    30,000 ozs pa times $740 is around 22million AUD

    108 million shares on issue

    this is about 20c per share profit pa. my apologies.

    still pretty decent at these prices.

    cheers

    Value at posting: $0.00
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