MON 0.00% 29.5¢ monarch gold mining company limited

hey marcieswhat is your long term predication for the share...

  1. nsh
    812 Posts.
    hey marcies

    what is your long term predication for the share price?

    Just wondering, as we ponder a potential 1% interest rate decrease in the US will send gold to 1100, 1200 an ounce maybe this week... do you honestly believe that say $150 - $200 oil would offset any profit that MON can book at $2000 au? Why don't you think this will explode at $2000 au? Other than oil (which probably equates to a relatively small proportion of their costs - ~15%?) what other costs do you see rising with gold to support you case? The outlook is that costs will be coming down to the vicinity of $600per ounce around the time when they are booking over $1000 unhedged per ounce. To me that would indicate a much higher shareprice in the short term.
 
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