I thought I would drop the price of gold over the top of SBM to try and work out whether there is a certain POG where the market considers SBM is profitable and the price jumps suddenly.
Unfortunately I couldn't find that magic "in the money" level I was hoping for. I did find that despite the high cost of SBM production and various other issues alluded to here that SBM pretty well tracks the POG and has done for a long time.
The biggest discrepancy was during the general market slide last year - but even Lihir fell more than could be expected back then while Newcrest tracked the POG closely.
Time will tell - the recent fall was nasty - in fact one of the worst ever for SBM but I suspect that a lot of buyers don't look too closely at the company, cost of production etc. They will simply trade the sector - including SBM based on the POG.
Based on that I would expect a bounce - although I must admit that a healthy dose of skepticism needs to be applied here.
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $192.2M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 22.5¢ | $1.104M | 4.730M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 634360 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 1540164 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 634360 | 0.235 |
22 | 1094428 | 0.230 |
37 | 929841 | 0.225 |
36 | 1292722 | 0.220 |
26 | 1073870 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 1541814 | 55 |
0.245 | 1144250 | 20 |
0.250 | 411955 | 16 |
0.255 | 273155 | 9 |
0.260 | 334941 | 9 |
Last trade - 14.05pm 28/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
  |
Change
0.005 ( 0.38 %) |
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Open | High | Low | Volume | ||
23.0¢ | 24.0¢ | 22.5¢ | 1598953 | ||
Last updated 14.25pm 28/05/2024 ? |
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