Current Gold price and Pretiums FSWe are now less than a year from production and our margins (based on the FS and todays gold price of $1345 and a $cdn of $.77 US) gives us about $1,300 per ounce or CDN $650 million in profit margin. In the first 12 months of production this is abut US$500 miliion or $2.65 per share.
I have a tough time understanding the current share price drop as construction advances, risk decreases and gold price seems to be fairly stable at about $1330 or better. Does anyone have an explanation or some news to make some sense of the current malaise in the stock price?