stefoid,
Assuming gold falls to 800aud, and its not just a temporary blip.
FML can bring thier high grade ores in to play for sometime and survive but not forever.
It would be very hard for FML to survive with its avg grade of 2/2.7g/t
Majority of aussie producers with mines based in australia, have on avg producing cost(not cash cost) at 800+ aud
So under 800aud pog most aussie gold producers will not survive.
Aussie gold sector is not the place to invest if one believes pog would be less than 1200.
at what pog is fml still a winner?, page-5
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