The gold they already have in the ground is very cheap, 11moz divided by marketcap is about $105 worth of shares per oz, it's a good way to stack if you can't afford buying gold @2600+AUD per oz, $1800 gold minus $1100 asic that is $700 profit per oz, that is like $350 worth of shares gets you 1 fully paid extracted gold oz when it happens, and hopefully paid to you in dividends at some point.
Share price discussion, page-309
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Last
$1.61 |
Change
0.050(3.22%) |
Mkt cap ! $1.826B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.54 | $8.943M | 5.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 75976 | 6 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| WAF (ASX) Chart |