.... and rising gold price is likely to improve SP as strategists expect the 10 year gold bull run not only to continue but expect GP to go up exponentially in the last part of its run before its considered a bubble. Deutsche Bank considers gold price bubble to be $US2000.
I suggest we factor upward GP into SP valuation. GP is currently $US1386 (lets make it 1400) so gives a potential uplift factor of 1.4, a conservative SP of 7.5 to 8 cents
IMO, still a good time to buy into FML.
.... and rising gold price is likely to improve SP as...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |