Ann: Perseus reports half yearly results, page-25

I think all miners are gearing up
For a gold price of over $1400

A lot of big money is being spent by miners
Over the last 18 months.

As can be seen Sissingue was suppose to be operating 5 years ago but Edikan was poorly developed and plenty has been lost
Over the years....I don't understand how some miners can operate low grade operations at a profit and others have very little idea BDR has had an even worse time than PRU.

SLR Murchison for example..put on care
and maintenance because Aisc was $1900 now sold to WGX for a pittance and is going to be their main asset. WGX run other low grade mines at a profit as well.

The long term uptrend is still in place
But breaking above $1360 has gone on
For almost 2 years now.

Cheers