the one component we all forget re the gold price is STH AFRICA
already mines are in chaos there,for a number of reasons,including increased wages and pressure to NATIONALISE from the youth section of the ANC.
the whites are leaving in droves and a truckload of those mining engineers are now in aussie.See tty for a company with staff problems in aussie to see how that's affected their output of iron ore for example.
I don't think that will get fixed in the next 10 yrs.I figure more will collapse.wouldn't touch any company relying on mining there,and any local ones there aren't reinvesting money made there back into the country,that's all getting out as fast as they can shift it,into mines elsewhere.
FML Price at posting:
5.3¢ Sentiment: None Disclosure: Held
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