Some food for thought regarding falling POG and NST. Let's say POG falls to say $1200/ounce. How many ASX gold miners would be losing money or be put on care and maintenance? Would this help the operating costs for the remaining miners that are profitable at $1200 due to less demand for mining services and supplies? How many really would still be profitable? There must be some point of POG that would create a significant fall in world gold production or ,especially in Australia, a major fall in cost of production?
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$20.46 |
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Open | High | Low | Value | Volume |
$20.59 | $20.65 | $20.28 | $111.1M | 5.425M |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 24567 | 20.420 |
2 | 1098 | 20.410 |
2 | 13155 | 20.400 |
1 | 6360 | 20.390 |
1 | 6666 | 20.380 |
Price($) | Vol. | No. |
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20.520 | 13000 | 1 |
20.560 | 1098 | 2 |
20.570 | 8858 | 1 |
20.640 | 50 | 1 |
20.700 | 300 | 1 |
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