Yes I got a few more at 2.6c ... Took my 507k holding average to 3.2c...
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I've had a nice little run-up with MOY
(from brokers report 12/02/16)
Beer & Co has maintained there is significant upside in MOY.
Our base case valuation, of 19c, is based on a
gold price of $1200/oz, or $A 1714/oz, using an AUD-USD
rate of 0.700.
(Using the spot price, Beer & Co’s risked valuation of MOY is 21c.)
MOY continues to de-risk and drill known mineralisation.
MOY will invest $10m each year in drilling. Beer & Co’s
base case valuation assumes 2.0Mt, grading
1.5g/t, at a finding cost of $103/oz.
Beer & Co believes that MOY will achieve a lower finding
cost than we have assumed in our valuation.
Took half off the table this morning, but may buy back if pog drops under (US) $1200/oz
Nah not SOC, We mostly were talking MKO, They fell back this afternoon, but still may come good.
The world oil situation may now be settled, with oil going up, world shares going up, Gold could be heading back down for a little while.
I am led to understand that EAR have changed all of their contact details to be the same as MKO.
------------> DYOR ----> IHANIWIATA
No one knows exactly where GOLD price is heading but currently in AUD the gold miners are making huge profit margins...
As too OIL and Gold during both recent Bull Trends they headed in the same direction >>>>
It's been a great last few months for many of the gold juniors.
I've got a mix of producers and explorers. Most of the producers have had a good few months, standouts have been RMS, MOY, SAR, BDR.
I see volumes starting to rise across many of the explorers I hold and prices slowly moving upwards. Some of my explorers (WCN, ARD, IVR, BGS) should have some drilling results released soon so hopefully positive results combined with a rising gold and silver price will give the share price a good boost.
Thanks for that corran; so the last to lift riskier small cap goldies are rising with the Gold Horde Tide. that seems a pretty strong endorsement of the gold price trend. Heres hoping.