The ‘golds must be crazy’, page-152

This gold price up $40 overnight … and the after market messaging by Powell that US interest rates have peaked and will be coming down is just GREAT news for emerging gold producers in Australia where our gold price today is $3042

forecast AISC of $1750 at OBM mines when production at 100,000 tpa+ delivers a stunning margin (best part of $1400 per ounce)

in 12/13 months, if 2 underground’s delivering 1.2 million tonnes +per annum of high grade, we could even see OBM producing at a rate of 200,000 ounces per year!

at that rate it won’t take long to chew up the $350 million in accumulated tax losses … and balance sheet will be expanding exponentially

another NST in the making …. Imho