BRB breaker resources nl

Ann: RIU Sydney Resources Round-up Conference Presentation, page-54

  1. 689 Posts.
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    The real question is what happens to BRB share price if gold drops below let's say to 1700 or maybe as low as1600 or even lower ?
    This could put the brakes on not only BRB but the majority of potential gold mine developers going forward.
    A price of 1500 or lower with the rising cost of building a mine would be extremely difficult to go forward. Raising a large amount of money with higher interest cost's ,difficulty sourcing plant equipment, shortage of labour ,also long delivery times for plant and machinery items.
    It might take a long time before we see the SP going substantially up.
    I hope that i am wrong but the gut feeling is that the gold price could go down a lot more.
 
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