Every $50 on gold15 May 2020 08:02
If you think about it, if you start at $1550 like in q1 and your AISC is 900 then you take home 650. If you are then at 1700 then you take home 800. Versus the 650, each 50 bucks on gold is 8% to profits. And it increases the value to Dugbe by far. So isn't each 50 bucks added to gold really increasing the companys value by something like 12-15%?
Now we're at more like 1735, the company would be 30-45% more valuable than in q1 but we're not there yet. just shows how undervalued this is! Even Resolute Mining RSG is getting a run together down under +6% today