good read sp
watso has had this stock for donkey years (about 7), and has seen it go up and down. sure the recent weakness has been a bit perplexing. so the selling in april has been explained - but hey - it is now may. anyway, on the assumption that there is no sovereign risk issues, then the ever increasing gold price, is looking good.
gosh, we could wake up tomorrow morning and see gold at us$700. if gold stays at that level, then there is a margin of us$500 per oz of production. multiply 140,000 oz by $500, and that is us$70m - one years production, will pay for any expansion
hopefully the permits for chatree north will be issued soon, so that plans for f the doubling of production, can be finalized . watso is dreaming of the cashflow, once production is doubled -mmmm about us$140m, or au$180m ie $2 per share. subtract some taxes, exploration expenditure, and there could well be divididends of $1 per share
anyway -
new minewsarticle , page-3
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$1.61 |
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Mkt cap ! $413.6M | |||
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