"...so when gold hits $2200 next year profit margins double." ======= Gotta love the goldbugs, they're either psychic, or inveterate rose-coloured glasses wearers.
Why would gold hit US$2,200? It could just as easily go the other way....gold has no uses you know, people 'stack' it for some strange reason that I've never quite figured out.
The gold price is in the doldrums and the AISC of mining is going up, not exactly very encouraging.
