Thanks for your kind words, however the world is not falling in at $1200 US you mention still leaves AUD $1595.00 still a remarkable profit margin from AISC of $1100
On 100k/oz pa this is $47m cash flow
On 230k/oz pa this is $138m cash flow (using lower AISC)
In my view POG in US would need to go to $1000 and in AUD is $1330 BLK would still be making $200 per ounce.
BLK Price at posting:
77.5¢ Sentiment: None Disclosure: Held
