@tangs
At what point do they throw caution to the wind and invest in the future?
Granted prices are high but so is the AUD gold price.
The whole industry needs a big shakeup.
Capital will naturally flow back into the sector if consolidation occurs.
Rayleigh Finlayson obviously understands this as Saracen was a large beneficiary from this during the last cycle lows.
Look at the GDX in relation to the XAUAUD
When do the say this looks like a good time for a gold producing asset purchase?
Net income forecast to grow 381% next year, page-62
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