A mate of mine was at the AGM - one of the things he scibbled down came from Peter Williams address:
PW mentioned:
There are currently 302 listed gold mining companies on the ASX.
Of these 44 are in production (the resy are explorers/developers)
Of these 44, only 21 have a MC of less than 50 mil.
Of these 21 only 4 have a cash cost of less than AUD600 per ounce
FOCUS IS ONE OF THE FOUR!!!!!
Interesting figures these I'm sure you'll agree...
Ann: Chairman's Address to Shareholders , page-9
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