Wow! You seem to think because those variables will go up so Gold will follow automatically to maintain the status quo, what world is that you live in?
Your GM has never sold gold >US$2000/oz until now, the sad part is you have no idea he’s just covered a big rise in those variable costs you mentioned and you just don’t see it!
Ann: Beacon Enters into Forward Gold Sales at $2,715 per Ounce, page-70
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