Hi peeps,
To all the gold bugs out there take a look at ARX, about 1,100 m shares on issue, @ price of 6-7cents gives a mkt cap of between $66m – $77m,
Set to produce 70,000oz'z Au @ cash cost of under $200 us an oz = a $300us/oz + margin
Assume Margin is only $300 us @ 0.75 USD/AUD = AUD margin of $400, using a conservative long term price of $700 AUD for Au,
Expected Cashflow = 70,000 oz's Au @ $400 oz = $28m AUD
Not bad for a Company with a mkt cap of $66m – $77m
Also…
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