buyers building gold pour soon, page-7

I am giving all figures in AUSTRALIAN dollars of course.

At 66c = 1.51 australian
Yearly production 200,000 oz divide by 12 = 16000 oz per month

Multiply 723 x 1.51 = 1091 aus per ounce
Deduct 550 costs from 1091 = 541 profit per ounce

Multiply 541 by 16000 oz which gives about 8.5 mil profit per month before tax

Of course it all depends on the gold price going forward but they cant keep it supressed for ever.
And if the gold price weakens it usually means thet the US $ is strengthening which means our goes lower... and so the cyle goes on.

Please correct me if I am wrong but thats how it seems to me.

We need a bit more discussion here .. its getting deathly quiet :}

Cheers