EAR 0.75% 33.3¢ echo resources limited

Possible breakout Alert, page-51

  1. 811 Posts.
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    Totally agree @btown!
    In fact, producers with a smaller margin, like EAR, will increase their SP more because any increase in the price of gold has a far greater effect on their profit. For example, if gold increases from say A$1800 per ounce to say A$2200 per ounce ie a A$400/ounce increase in price will increase the profit of a producer making say A$1000 gross profit per ounce by A$400 or 40%. A producer that makes a profit of say A$400/Oz will have their profit doubled under the same scenario. For Producers like EAR it will have a much bigger effect on their SP than for producers like EVN as an example.
 
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