Any increase in Gold royalty rate from 2.5% to 3.75% is petty cash. Even if you use today's gold price of $1,660 (and do not make GST and other allowable adjustments) it would cost about an extra $21 per ounce.
GOR's presentation to Noosa on 21 July 2017 detailed for Gruyere that the production cost per oz (AISC) was $A 945 ($US 690). If you use today's price of gold $A 1,660 ($US 1,319) then the margin is $A 715 ($US 629). So the possible increase of $21 per oz is 3% of the margin. GOR is a big margin gold miner so it is very low risk.
GOR is an absolute winner and its share price will explode once it starts to produce or sooner if a big player wants to own it now and keep the upside to itself. Any one who sells their shares because of this red herring deserves to loose the upside that is going to happen to GOR.
Keep the Faith
Gold Investors Unite
Any increase in Gold royalty rate from 2.5% to 3.75% is petty...
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Last
$1.71 |
Change
0.045(2.70%) |
Mkt cap ! $1.852B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.72 | $1.66 | $7.470M | 4.400M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4150 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 142740 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |