i bought 400K at 1.40p,,it means nothing until i sell,,my average is 2.35p,,i will sell some at around 8p,,i will always keep some gold, its insurance against a market collapse,,,check out Jim Richards
in the POG will push this up,,we have a lot of fear coming to the markets EU elections ect,,no one can be sure of the direction of the SP,,but this looks like a strong buy to me,,with MNG and the institutions holding 83%,it will be difficult for the clever ba----ds to short
your calculations are about right,,iam expecting this to cut costs and the POG to double,,the only downside will be another disaster,,thats why these type of shares should only make up 15% of ones portfolio
small gold miners and Aim stocks are always risky,,but if you pick the right one,,its life changing,,iam expecting gold to have a good year,,read Jim Richards "The new case for gold"