Hi Elzephyrus,
Please read slide 4 in Gold investment symposium- presentation. It was announced by the company on the 8th of Oct 2014.
MountMongerOperations-Coreassetandmainfocusmovingforward: – FY14 gold sales of 173koz at an all-in sustaining costs of A$1,070/oz2,3 – multiple mines in production: 5.0 to 7.0 g/t Au underground & 2.0 to 2.5 g/t Au open pit – ore sources being fed to centralised 1.2Mtpa Randalls Mill – 3.7Moz of resource1 including 0.6Moz of reserve1 – focusing capital on project pipeline – FY15 guidance of 125,000 to 135,000 ounces of gold, reviewed at the end of H1
SLR is most likely will announce their quarter result of the 23rd of OCT.
SLR has been consolidating and IMO, should perform in the short term.
http://www.bloomberg.com/news/2014-10-21/gold-buying-rebounds-in-india-on-diwali-jewelry-sales.html
The game changer will be the outcome of the Feds meeting on the 26th of OCT. Any hint of delaying the rise of interest rate or delaying the end of Bond purchase, will have a huge impact on the gold price.
James Bullard, a member of the Feds committee, for the first time called for a delay of interest rate rise and slowing the end of Bond purchase programme which was meant to end this month.
Interesting times ahead.
My opinions and thoughts.
DYOR
