The real question is what happens to BRB share price if gold drops below let's say to 1700 or maybe as low as1600 or even lower ? This could put the brakes on not only BRB but the majority of potential gold mine developers going forward. A price of 1500 or lower with the rising cost of building a mine would be extremely difficult to go forward. Raising a large amount of money with higher interest cost's ,difficulty sourcing plant equipment, shortage of labour ,also long delivery times for plant and machinery items. It might take a long time before we see the SP going substantially up. I hope that i am wrong but the gut feeling is that the gold price could go down a lot more.
BRB Price at posting:
23.0¢ Sentiment: None Disclosure: Held