Correct David, but it does not apply so much to gold miners, only the very strong survive and that is usually the ones with Tier 1 mines.
Rebecca could be a Tier 1 mine, if further exploration hits the spots.
Most of the gold found is still being held, where as base metals like copper are used up, or oil once used gone forever.
To stay in the gold game, you are betting on the gold price, 1000 reasons for and 1000 against, hence why a bit like 2 up.
Happy hunting folks and all the best to Ramelius holders, its been an awesome ride, time for me to move on to other commodiites, mostly copper. Everything will go electric, maybe because I am an electrician and I am biased. Maybe because I drive a plug in hybrid, just set up our own solar power station and can go off grid if needed, have electric bikes, chainsaw, hedge trimmer, power tools.
And all of this needs lots of copper!
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