Hi Daytr, I haven't a clue where the gold price will settle, but what I do know is that it's entirely possible it could keep falling, at the expense of higher cost producers.
Let's be honest, WA is a crazily expensive place to develop anything ( you cant even buy a cup of coffee and a cheese and ham croissant for much less than $15 in Perth these days !).
Personally, I don't believe that's sustainable. In my view, it's far more likely that costs will have to come down to meet the lower price of gold, than gold to go up to meet the higher costs of production !
Just my random thoughts.
MYG Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
