The good news just keeps coming for gold & any Aussie outfit that has it-
Price? Rising. Good for all.
USD? Rising against the AUD. Good for Aussie investors. Extraction costs? Potentially falling- https://www.mining.com/cyanide-free-gold-processing-technology-hits-the-market/
The above is extra pleasing to read for me personally as one of the things that brought me to this part of the sector ( I got out of lithium ), was that while checking this out back in Feb. 2017 & trying to learn a little about the basics I found that the CSIRO ( Aussie government scientific research thing for our foreign friends- no surprises for guessing that they’ve actually done some interesting work in improving mining practices over the years ), was/is working on ways to improve metal extraction from laterite ores.
I know- it’s shocking but the government ( or at least some of the bodies it runs such as the CSIRO ), actually look at problems that are still far off.
For ARL as a whole? We all now own an apartment or a room or two in this housing project. Of course it’s not worth much on paper- we’ve still got to find a loan, pay the builders, get it built & wait until someone comes looking for a place to rent or buy. ( not the tidiest analogy but it’s one that came to mind last night ). Learn. Learn. Learn.
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