#Gold first attempt at breaking above it’s technical resistance at $1,590.
If it holds then there should be a big move coming. All very supportive for a already strong performing #SRB
Well the $1,590 resistance didn't last long, nor $1,600 for that matter.
Gold should really strengthen now as economic fallout from Coronavirus starts to be better understood.
#SRB #HGM
#SRB quietly going about its business. Ore sorter set to reduce AISC by $30, to circa $1,045 per oz
2020 production of 45k oz. Double that by end of 2021.
Current gold price of $1,600 throwing off $550 per oz or $25m (£19m).
Post Greenstone investment, fully diluted £62m MC
#Gold didn’t just break long term resistance, it blew the doors off it.
#SRB also hovering at resistance. Matter of time before it does the same?
Like they say, it’s the quiet one you’ve got to keep a close eye on.
Pop goes the #SRB resistance weasel.
By my calcs an average #Gold price of c. $1,650 through to end of March, delivers an ave. $1,600 per oz price for Q1.
Gold miner valuations currently ignoring that fact.
For my pick #SRB, $1,600 represents a 30% increase in profitability.
Something has to give.
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