This is David25 a year ago on 16th Sep. 2022
"This is what a global recession looks like.
Median AISC around the world is $950 usd or $1350 au in Q3 2020 as a guide.
A gold sell off would result in the Aud falling and diminished margins. Profits would likely be wiped out with depreciation and other costs. I am predicting a gold price retreat could likely fall back to 2008
$950 usd ounce, or $1580 Aud.
$1580 AUD Gold price or $ 950 USD exchange at .60 usd.
$1350 AUD AISC (2020 median .) 2020 exchange at .68 usd I used reverse conversion.
$230 AUD Margin
Note I use the 2020 average cost reverse conversion to achieve $1350 AISC in AUD .which is the same regardless of a move in the USD
If you include falling mining costs the median AISC could fall lower which would result in a lower gold price."
Does anyone really want to waste a year of their investing life living in fear because of outrageously wild assertions based on fantasy.
I believe the fundamentals of both RMS and Gold are well aligned and have far more potential upside than downside. Simply an opinion and good luck to all serious holders and investors.
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Consevative price target 75 cents to $1.04 approx, page-7
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