The risk that I see to that strategy is if the gold price goes up but the cost of production goes up faster. In that scenario both plays could lose.
McPhillamys, page-97
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Last
$1.92 |
Change
-0.035(1.79%) |
Mkt cap ! $1.450B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.93 | $1.89 | $9.807M | 5.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 57721 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 49074 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |