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In reply to: cy7 on Sunday 04/11/07 11:48am

EnviroGold targets Latin American gold

 

 

Friday, 30 May 2008

 

AS ITS name would suggest, EnviroGold LimitedÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s approach to gold production is to use technology that is both beneficial to the environment and able to generate returns to its shareholders by mining and efficiently processing polymetallic and sulfide ores. By Lou Caruana -

 

The company is on a growth trajectory through the development of exploration and mining assets under its direct control, assisted by its expertise in efficient gold and silver recovery from toxic polymetallic ores using Xstrata TechnologyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Albion Process, according to executive chairman Brian Johnson.

 

EnviroGold is aiming to have an attributable production of at least 150,000 ounces of gold equivalent within three years from operations in the Dominican Republic and Peru, as well as having a number of other gold projects in the pipeline in Latin America and China.

 

Based on his past record of guiding companies from their conceptual stage through to operations and profitability, and serious increases in market capitalisation, as in the case of Portman and Mount Gibson Iron, Mr Johnson could be expected to be in control of another winner.

 

The Albion Process involves a patented sulphide oxidation technology utilising a combination of ultrafine grinding and oxidative leach which results in zero sulphur dioxide emissions, remnant metals being left in a stable state, and with generated acid neutralised during the process. The plant operates at relatively low temperatures and at atmospheric pressure, with comparatively low capital costs, and is not sensitive to climatic conditions as in the case of bacterial oxidation.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“We are confident that when our Las Lagunas gold project in the Dominican Republic is commissioned early next year the Albion Process will attract world-wide attention as an attractive technology for the efficient extraction of gold and silver from polymetallic sulphide ores,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Mr Johnson said.

 

EnviroGoldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s current focus is on the construction of its 70% owned Las Lagunas project, which is located approximately 100 km north east of the Dominican Republic capital Santo Domingo. It is also ramping up the development of its gold sulphide opportunity at Trujillo in northern Peru after new data on the regional potential to provide concentrate feed has come to light, and as it strives to increase its resource base in other Latin American nations including Equador and Venezuela.

 

The existing indicated JORC Resource of 5.137 million tonnes of tailings at Las Lagunas contains gold of an average grade of 3.76 g/t and silver at 38.62 g/t. The tailings result from inefficient treatment of refractory ore from the Pueblo Viejo gold mine between 1992 and 1999.

 

The tailings have the potential to generate and release over 700,000 tonnes of sulphuric acid as they oxidize if not treated.

 

Metallurgical testwork undertaken in Brisbane by HydroMetallurgical Research Laboratories using Xstrata TechnologyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Albion pilot plant has established expected recoveries of 70.1% for gold and 62.3% for silver and the project is expected to produce around 80,000 ounces of gold equivalent per year.

 

EnviroGold has completed a bankable feasibility study for the project and received environmental and construction permitting necessary to commence development this month. Commissioning is expected within 12 months.

 

It is possible that the current project life of 6.5 years could be extended via the toll treatment or joint venture mining of numerous refractory gold deposits located near to Las Lagunas which can not justify a stand-alone treatment plant.

 

Mr Johnson said the Trujillo Gold Project in Peru was also emerging as an exciting prospect for the company.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The proposed centralised plant location approximately 36km south east of the coastal city of Trujillo, is in desert conditions ideal for tailings placement from the Albion plant, but with adequate water, low cost power, and a skilled work force available for the project,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Mr Johnson said.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The low elevation at the site will also reduce the cost of oxygen production for the proposed plant.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

Click here to read Part 2

 

 

 

 

EnviroGold targets Latin American gold - Part 2

 

Friday, 30 May 2008

 

ENVIROGOLD recently advised the market it had received a report prepared by Dr Jorge Paredes, an independent Lima-based consulting geologist, that summarises the metallogenic information on known mineral deposits in the polymetallic sub-province of the northern Andes region of Peru.

 

 

The report outlined the economic potential of properties in the region east of Trujillo, including significant sulphidic mineralisation at economic gold and silver grades remaining in a number of closed mines with high levels of arsenic and antimony. Added to this are high-grade tailings that have resulted from ineffective extraction of gold and silver from polymetallic mines.

 

The prospective sources of feed identified by Dr Paredes within economic haulage distance of the proposed Albion process plant are additional to those in mines at Cascajal and Sayapullo owned by Corporation Minera San Manual (CMSM), a likely supplier of concentrate to the the Trujillo Gold Project.

 

EnviroGold proposes to undertake the Trujillo Project in two stages with the objective of producing 150,000 ounces of gold equivalent within three years and emerging as a miner in addition to developing its expertise in gold extraction from toxic polymetallic ore bodies.

 

EnviroGold is at an advanced stage of negotiating option agreements to purchase three of the closed mines identified by Dr Paredes which should be suitable for re-opening and supplying concentrate feed to the first Albion plant at Trujillo.

 

The Company is confident of formalising these options in the near future and will release details when the properties have been secured, Mr Johnson said.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The Company has identified sufficient low cost mining opportunities in Peru which, once secured, will require an aggressive exploration program to establish resources, together with metallurgical testwork to determine suitability of the Albion oxidation process and likely recoveries,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ said Mr Johnson.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“It is probable this program and the following feasibility study will take until the end of 2008 to complete with the aim of constructing the first Albion plant at Trujillo in 2009 with a target production of 75,000 oz per year of gold equivalent. The second plant is planned for 2010.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

The Company expects to complete a scoping study of its intended developments in Peru within three months after which it will advise the market of capital requirements, source of funds and financial projections for the second phase of its corporate development.

 

Beyond Latin America, EnviroGold has interests in China. It has signed a Memorandum of Understanding with Shandong Gold Mining Development Company Limited (SGM) in China to jointly (80:20 non contributing) construct a centralized Albion process plant to recover gold from historic high grade acid generating gold tailings deposits scattered throughout Shandong Province.

 

SGMÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s parent company is a State controlled major gold miner listed on the Shanghai Stock Exchange.

 

The concept is for SGM to make suitable tailings and mine concentrates available to the joint venture at nominal cost but in the expectation that EnviroGold will meet all capital and operating costs, with SGM to receive 20% of after tax profits.

 

Mr Johnson said ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“that he was confident EnviroGoldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s business plan would have application world-wide and the real challenge was not in identifying investment opportunities or growing gold production but in the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s ability to develop a management structure capable of operating successfully in a wide variety of countries at the same timeÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“It is important that the Company emerges as a skilled miner with metallurgical expertise at a steady and realistic rate and therefore our focus in the near term will be on a limited number of locations in Latin America but with the real prospect of becoming a sizeable producer of gold and silverÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ.

 

 

 

 

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In reply to: simbow21 on Saturday 31/05/08 05:35pm

Get REAL.

 

Barrack and Newmont would laugh at you!

 

Newcrest would just smile and say..... A Junior like PERSEUS ( PRU ) is more to our liking!

 

Geez... I LOVE your enthusiasm, though!

 

Barra http://www.sharescene.com/html/emoticons/king.gif

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  • 1 month later...

In reply to: flower on Saturday 31/05/08 01:53pm

As an addendum to this:

 

Anybody vaguely interested in ASX gold shares might gain something from reading page 23 of The Weekend AFR. Truncated:

 

1. Deep Yellow, SGW, Giants Reef, CRS, BMA, Gleneagle, DOM, Bendigo, NCM's Telfer mine, Bedall Resources make depressing reading as gold production failures. Telfer MAY make it, but its a high cost operation.

 

2. SBM presents a problem, because of this call for additional capital, as far as I know the rights issue merely replaced an already in arrangement bank loan that became uneconomic, jury is out on SBM right at this moment.

 

3. At a time of high/climbing USD cash price of gold, Oz production dropping hard, down 16%

 

4. Too many trying to overwork/resurrect tired mines

 

5. Production costs are all important, in some cases just the cost of diesel=50% of costs.

 

6. Trading/Investing in any gold stock with gold hedging in place is OUT

 

7. Holding gold explorers, companies trying to resurrect old workings, companies with insufficient cash should be OUT. Most will run out of cash time and time again, the banks dont want to know, so its mine the shareholders, and they wont be a forever bottomless pit.

Raising cash is going to get MUCH HARDER.

 

8. All available cash in the market is being sucked into the fashionable plays, Iron Ore.

 

9. New gold finds are URGENTLY needed to raise the profile of the sector.

 

10. But above all, CHINA is seen as currently not being a significant gold buyer. Highly likely that will change. Central Government and the population should enter the market soon. (my observations)

 

11. BUT: Incredible upward potential exists. At some point the dam will burst. Manipulation will cease. BUT production costs will inevitably rise more, the AUD will hit USD parity. (my additions!)

 

SO: PRODUCTION COSTS are the killer worldwide. Diesel price an incredible threat to viability. Look for those companies who own and operate their own electricity plants.

 

SO: Down to--RSG AVO LGL NEM DOM currently. Watch closely SBM. Read Q2 reports AVIDLY.

 

 

 

 

 

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In reply to: flower on Saturday 05/07/08 12:23pm

http://www.afr.com/home/viewer.aspx?EDP://...h+over+for+some

 

Hi Flower,

 

I presume this is the article you are referring to ---

 

Just one query --- I imagine you meant MON and not DOM when talking of production failures.

 

Regards, cy7

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“1. Deep Yellow, SGW, Giants Reef, CRS, BMA, Gleneagle, DOM, Bendigo, NCM's Telfer mine, Bedall Resources make depressing reading as gold production failures. Telfer MAY make it, but its a high cost operation.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

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QUOTE (cy7 @ Saturday 05/07/08 05:50pm)

CY7--thanks for pointing out something that I cant even claim as a typo, of course MON not DOM. Yes thats the article.

 

Going back to the diesel issue, and the production costs of gold miners, IMHO particular attention should be paid to your chosen unhedged gold mining stocks to trade with when this set of Q reports are published by end July. Some very nasty production cost shocks await the uninformed. Its basicaly production costs and hedge books that killed that list.

 

What we need to find are stocks that make about 100% gross mining profit, ie like LGL have , are taking active steps to widen a one mine policy, like merging with Equigold and Ballarat, upgrading plants which in the case of LGL will drive production costs down by $80 an ounce, and again in LGL's case spending up big to build their own geo thermal power station that saves them $50m in fuel oil, and which now supplies 75% of their total power requirements, culminating in producing 1million ounces of gold pa after 2010, very profitably. (Mind you working in an ex volcano cant be a barrel of fun)

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  • 4 weeks later...

Interesting comments today from the CEO of Ramelius, Smok'n Joe Houldsworth (who sounds far from smok'n), about the state of the gold industry. At the end of the BRR interview he appears to give a fairly dire prognosis, with the suggestion that a number of low grade marginal producers are about to hit the wall and that he hopes that Ramelius will be one of the last left standing. Basically it seems that rising costs are starting to overwhelm the locals (with insufficient compensation from the price of gold).

 

http://www.brr.com.au/event/48816/producti...new-discoveries

 

Maybe gold mining is now much like textiles in that it is an industry best placed in low cost developing nations.

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In reply to: lexus_sky on Monday 04/08/08 09:53pm

lexus

 

Good read, great find, thanks for putting the link up. http://www.sharescene.com/html/emoticons/smile.gif

 

The report seems positive for bullion, perhaps once we get through the next month or so.

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  • 2 months later...

QUOTE (triage @ Tuesday 05/08/08 10:02am)

Which Gold Stock?

 

Notice the leverage disparity between GOLD AX and the straight gold producers shares

_________________________________________________________________________

 

 

Code Name +/- % > +/- $ Bid Ask Open High Low Last Volume

NEM.AX NEWMONT-CDI:10 19.11% $0.86 $5.36 $5.42 $5.20 $5.42 $5.20 $5.36 189,605

SBM.AX ST. BARBARA 17.02% $0.04 $0.27 $0.275 $0.255 $0.285 $0.255 $0.275 4,102,526

CNT.AX CENTAMIN EGYPT 15.00% $0.09 $0.69 $0.735 $0.66 $0.69 $0.65 $0.69 43,909

NCM.AX NEWCREST MINING 14.44% $3.35 $26.45 $26.55 $26.11 $26.88 $25.93 $26.55 1,355,423

DOM.AX DOMINION MINING 12.70% $0.31 $2.71 $2.75 $2.65 $2.75 $2.57 $2.75 206,226

LGL.AX LIHIR GOLD 12.29% $0.29 $2.64 $2.65 $2.59 $2.66 $2.58 $2.65 12,372,041

BDG.AX BENDIGO MIN 10.00% $0.015 $0.15 $0.165 $0.155 $0.165 $0.15 $0.165 155,495

AVO.AX AVOCA RESOURCES 9.14% $0.17 $2.02 $2.03 $1.96 $2.08 $1.96 $2.03 280,100

SGX.AX SINO GOLD MINING 8.60% $0.40 $5.05 $5.07 $4.81 $5.05 $4.81 $5.05 558,436

RMS.AX RAMELIUS RSC 8.20% $0.05 $0.65 $0.655 $0.63 $0.66 $0.62 $0.66 113,649

GOLD.AX GOLD BULL RED.PR 7.89% $9.80 $133.95 $134.00 $132.40 $134.00 $132.40 $134.00 25,454

KCN.AX KINGSGATE CONSOL 5.37% $0.21 $4.10 $4.12 $4.10 $4.18 $4.10 $4.12 104,709

CTO.AX CITIGOLD CORP 2.27% $0.005 $0.225 $0.235 $0.22 $0.24 $0.22 $0.225 303,262

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  • 4 weeks later...

if i have maybe 1000-2000 dollars what do you suggest it oon out of these shares

GOLD - Gold bullion

LGL - Lihir Gold

NCM - Newcrest Mining

NEM - Newmont Mining

 

if you suggest your opinion please supply analysis fundamentals or trends but i would like balance sheetrs if you have. i am looking at at least 1 year unless the stocks spikes heaps like +50%.

 

I have a feeling gold will definitely go up in USD but i think our dollar will get back to 80 cents how will that impact the 4 shares i have listed.

 

thanks

 

Tyler

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