Acaca15
Yeah , increase has come from detectors.
However , I think gold price effect is not as great as many think.
What else are these prospectors going to use ? Top line GPX 5000 is around $6.5k per unit - which is not a lot of money when you consider how much you need to find to pay it off - a drop of $400 per oz doesn't make it a total deal breaker. Smaller units $1-2k .
Also AUD / USD drop won't hurt US sales. They have been same price in USA as Oz ( looking to pick one up, and as you do you look overseas as most stuff is cheaper, then I found no difference in price - then I discovered this company and picked up some at $2.20 - got out at $3.28 with cash and now have some free carry ) .
Financial metrics are sound, working capital has been internally generated and I think $1.90 represents good value.
Cheers
Ann: Profit Guidance , page-17
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