Good reply autosime.
Re PRU as a good Au exposure - My thoughts:
1. Its got strong protection from falling Au price with Cash costs >600/oz and in production. The gold cost curve seems to be blowing and I'd suggest that this puts PRUs C1 around the 50% mark.
2. PRU also has reasonable leverage to the Au price. More so than its C1 would suggest cf. to a higher C1 producer. Why? Its relatively undervalued and its tracking to ramp up to 350-400k oz in the next 2/3 years.
Good reply autosime.Re PRU as a good Au exposure - My...
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Last
$2.64 |
Change
0.130(5.18%) |
Mkt cap ! $3.627B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.66 | $2.60 | $15.57M | 5.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13433 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 124619 | 8 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |