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OzzieTrader

06/26/25 10:30 AM

#3070 RE: Jack_Herer #3069

Mate you can double all those prices once we get a BFS

Here is my proof
Newmont makes a substantial profit on each ounce of gold, with margins varying based on costs and gold prices, but generally exceeding $1,000 per ounce. For example, in a recent period, they sold gold at an average of $2,408 per ounce while their costs were $1,126 per ounce, resulting in a gross margin of over $1,280 per ounce. Other reports suggest that at current gold prices (around $2,700/oz), they could be making approximately $1,000/oz in pre-tax profit

Profitability:
The difference between the selling price and the cost of production determines Newmont's profitability per ounce. In a recent period, Newmont sold gold at an average price of $2,408/oz with costs of $1,126/oz, resulting in a gross margin of over $1,280/oz, according to Substack.

Where is your proof

You can convince anyone here to sell you like, but forget me, you come to a fight with a knife and I have a gun ready for you.
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rheddle

06/26/25 10:41 AM

#3073 RE: Jack_Herer #3069

100,000 ounces a year at $1,200 an ounce / 3 billion shares = $0.04. Multiply by a PE of $0.10 and you have $0.40 a share.

That's just for the 1.1 million ounces and doesn't include additional gold or REE.

Are you looking for some more shares before the price takes off?