UB, let me talk you off the ledge....fast forward to when EMR has an operating gold mine producing circa 100,000 oz pa..
Do you think their share price will be $0.50c or north of $1.00?. (based on 10 year years mine life assuming they add just 2 years on nearology to the mine life).
Then there is the gold price rise during the current bull cycle that is going to be with us for say at least the next 5 years.
Do you think the gold price is at the top of the market given whats going on around us. ( lets assume even gold hangs around $1750 oz)
Now do the maths on AISC diff and apply to oz production DIV shares on issue you should get how compelling this story is.
That's the skinny.
Welcome RNS converts and GLAH
RT
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$2.93 |
Change
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Open | High | Low | Value | Volume |
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1 | 1825 | 2.910 |
1 | 1825 | 2.900 |
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3 | 6628 | 2.880 |
Price($) | Vol. | No. |
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2.940 | 1500 | 1 |
2.950 | 1825 | 1 |
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2.980 | 18620 | 2 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Change
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