MON 0.00% 29.5¢ monarch gold mining company limited

mk says us 2000 dollars per oz, page-12

  1. 605 Posts.
    NSH. Good to see someone talking about issues rather than ranting and name-calling.

    I don't have a long term prediction on the share price. I'm more interested in seeing the Harmony deal sorted out, production up and costs down. If they achieve this, then the shareprice should do well. MK seems to think it is trading at about 50%.

    My understanding was that costs were targeted to come down to just under $700. Whether they achieve this or not is the issue. It might happen, I don't know, but so far they have failed to meet any targets. It may change.

    My comments regarding costs vs gold price was a general comment in response to claims that appear to place sole reliance on the gold price without consideration of other factors, eg oil, aussie dollar, inflation etc. Any speculating about rising costs is no different to speculating about the gold price. All I'm saying is there will be off-sets. The exact amount I don't know. We will see.

    In any event, I hope you make money. If you get in now, you will probably do ok. It's people like Hain, who have been in for quite a while and at a much higher price (I don't know whether he has average down) that have probably been burned.
 
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