Exactly JGPM. AUD price of gold now over $1500, which means our average margin has increased from around $1,000 per ounce to $1,100 per ounce, which is a 10% rise.
I have still been trying to accumulate around 62c to 63c, but it is very difficult as there is a distinct lack of supply at the moment and I would really have to bid up the price to get what I want.
This is a good sign for holders IMO. An announcement on the next phase of WD coinciding with this lack of supply should see the stock go for a run. If anyone has any thoughts/insights re timing on this, please let me know. I have emailed MA on this point and will let you know how he responds.
EXS Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held