I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
Gold continues to perform well in US dollar terms and even better in Australian Dollar terms and the backdrop to a higher gold price is only strengthening. It, along with the “yield crunch” thematic I have discussed here all year long are my two favourite broad market trends that present an enormous opportunity for investors.
Tired WA gold projects have a habit of surprising to the upside as much as they do to the downside. Fortunately for Red 5 (RED), there is a bit of buzz that its King of the Hills (KOTH) project in WA’s prolific Leonora-Leinster district is in the former category.
Notwithstanding the material movement in the East wall of the open pit at the Siana Gold Project in early July 2015 , Red 5 Limited (ASX: RED) advises that a total of 4,916 ounces of gold was recovered for the month of July from the processing of 64,567 tonnes of ore.