Of course the price of gold is relevant to ABU.
If the A$ price of gold is $2000, if ABU manages to mine and sell 50,000 ounces for the rest of this year, that is $100 million of revenue. If they manage to mine 100,000 ounces, that is $200 million of revenue.
Given Old Pirate is going to be a low-cost open cut mine, the cost to ABU should be under $1000 per ounce.
Result - a price of gold at A$2000 equals huge profits for this company,
Assuming the mining license gets granted, of course.
Of course the price of gold is relevant to ABU.If the A$ price...
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $951 | 475.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 77023422 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 3706548 | 2 |
View Market Depth
| Last trade - 12.52pm 30/09/2024 (20 minute delay) ? |
| PRX (ASX) Chart |