pog is out of sync with costs, page-20

BH

I dont think we should blame the gold companies.

Consumables such as fuel and acid have gone up by 100% and 400% over the last 12 months.

so gold going up 44% hasnt compensated the gold companies - or made them more profitable.

That's why it's important to choose low cost producers - the average cost ones will be squeezed if the POG doesnt go up in a hurry - and the high cost ones will just close soon.