The gold price is very much attached to the American dollar and seems to of late kept a fairly constant level around of around AUD $1,200 no matter where the USD and gold move.
As long as we can maintain the AUD $1,200 or more this stock will do nothing but climb.
I am convinced there reserves will continue to grow as they advance the exploration effort and infill all the areas between the areas they are now exploiting.
We may even be looking at a open pit arrangement or a takeover not so far away maybe?
Also if all the stars align by December as it looks like they will, watch out 30cents plus I suspect will be on the cards.
FML Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
