ten bagger list soon time to update, page-31

find8, i acknowledge what your saying but in reality its often the bigger producers that make more profits.

heres an example;

a.
50k oz output at cost $300 15mil

b.
200k oz output at cost $560 112mil

POG 900

a profit = 30mil

b profit = 68mil (38 mil more)

and as POG increase b's profit increases far more than a's.

POG 1500

a profit = 60mil

b profit = 188mil (128 mil more)


The more you can pump out the better positioned you are to profit from increasing POG as a company.

Ofcourse i also acknowledge if company (a) is well run as has relatively less shares on issue the end return to shareholders could be greater than company (b). But company (b) itself would be turning a bigger profit.


regards
Davo