From DJ newswire quoting Alastair McCaig of IG on gold;
"On one side we have the negative
sentiment for the commodity, and on the other is the fact that a number of the larger
gold miners have already stated that a prolonged presence below the $1,200 level would
seriously threaten the viability of a number of operations," He also said that prices below $1,200/oz could trigger a series of mine
closures.
That is along the lines of what I have posted recently that US$1200 should be a longer term base price I like to use to estimate a base case value for ABU. It would be helpful if the AUD can break below .89 to give us a higher base case AUD POG. At 89c and US$1,200 the AUD POG is A$1,348. At 80c it would jump to A$1,500 even with US$1200 gold. Current spot is $A1,385.
While the price might fall below US$1200 (A$1348 at 89c) for a while, it is the average price for the year that needs to be looked at for valuing a gold stock.
- Forums
- ASX - By Stock
- PRX
- is there value in abu at .021
is there value in abu at .021, page-67
-
- There are more pages in this discussion • 25 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
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.353M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $150 | 75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 16048362 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 23473387 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 16048362 | 0.002 |
23 | 90251099 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 23473387 | 24 |
0.004 | 6409219 | 10 |
0.005 | 4688264 | 10 |
0.006 | 2600001 | 4 |
0.007 | 600000 | 2 |
Last trade - 11.02am 15/07/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |