Alan and Mattyhoho. The dividend will rise accordingly. It won't be a penny or even 0,007. Read this from the Pr's;
The price of gold having recently advanced as high as US$1,249/oz before backing off to trade at just below US$1,200/oz, is fueling speculation for the potential of an increase in the value of the dividend of nearly 19%. Should the price of gold consolidate here and makes further advances to achieve the US$1,250/oz level, that would represent a 19% increase over the projected value of the dividend which was originally priced out at a Gold price of US$1,050/oz; translating to US$0.003 per share of the Company's Common Stock.
So when the gold price went from $1050/oz to $1250/oz and that represents a 19% increase. So thinking the divvy could be above 0,005 is just pure nonsense. I see it somewhere between 0,0033 and 0,0038.
Based on a goldprice of $1250/oz the dividend will be $0,00357.
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