but I have to admit that on those figures I would not be buying except in the hope of higher POG - I hope my figures are wrong.
Shrot term we just do not know where the POG is heading, and some consider it can get down to around USD1100 or even lower - which would kill this project.
The upside for the goldies is costs may be stabilising, and the price of oil (a major cost) is going down.
loki
