in 2002 I was importing stuff from China at 55c to the US buck. the year before it was 48c
if gold goes to US$1200 and the Aussie to 60 c that is AUS$2000 gold
MCO does 20,000 ounces pa at $1500 margin is $30million pa profit
60,000 ounces at $1500 is $90million pa
THIS IS ACHIEVABLE NOT A DREAM!
I have seen it before. the high grade WA nickel miners like IGO went from 20c to $9 in four years simply because nickel went from $5 to $20
Thats the power of leverage
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