Originally posted by eshmun
Strange day for DCN today. Bots wanting the price lower.
Did anyone send the bots the memo about the gold price being at $1,862/oz.
Going back to the Nov 2016 feasibilty you have for Mt Morgans
UG
Beresford AISC = A$845/oz
Allanson AISC = A$819/oz
Combined = A$837/oz
Open Pits
Heffernans AISC =A$1,108/oz
DoubleJay AISC = A$1,241/oz
Ganymede AISC = A$1,485/oz (2021-2024)
Even misses on these numbers still produce big margins.
If they hit their targets on the UG we are talking margins of ~A$1,000/oz on the UG ores.
Is the market awake to the potential that's developed due to the rising gold price. I don't think so.
Eshmun
Strange indeed. Numerous small volume trades in the 1s to 5s range throughout the session so far today. As the price continues to fall,a buyer or buyers pick up packages of several thousand at a time at various intervals through the session.
Could this be deliberate price deflation. Looks like, smells like ...??. As I understand it and if that is the purpose then this is illegal with very severe penalties.
