Edikan is a high-cost, decent volume mine, so it does offer good leverage to a strong gold price environment. Dec quarterly average sale price was $1260, Jan -March trading range $1302-$1366, so you would expect March qtr sale price to be closer to $1320, even with hedging? If AISC is around $1100 ($1093 in DecQ), that gives a cash margin closer to $220 per oz, up from $167 in the last quarter. i.e a 5% rise in POG, deliver an approx 32% rise in cash margin.
Which month could it hit $1 in?, page-18
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Last
$2.68 |
Change
-0.010(0.37%) |
Mkt cap ! $2.265B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.70 | $2.61 | $11.46M | 4.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 111469 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 67593 | 5 |
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| Last trade - 16.10pm 18/12/2024 (20 minute delay) ? |
| PRU (ASX) Chart |