Some food for thought regarding falling POG and NST. Let's say POG falls to say $1200/ounce. How many ASX gold miners would be losing money or be put on care and maintenance? Would this help the operating costs for the remaining miners that are profitable at $1200 due to less demand for mining services and supplies? How many really would still be profitable? There must be some point of POG that would create a significant fall in world gold production or ,especially in Australia, a major fall in cost of production?
who is the cheapest producer of gold in aust, page-4
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