If you have a medium to long term view on PM prices going much higher well that’s your view and I cannot and won’t argue against it.
Costs here are very different and it just can’t be your view as the reality is this is an expensive operation, so don’t try and kid yourself (as I don’t think your really trying to convince anyone except yourself) that profits will be high @$25/oz because they will not be based on what they are costing right now even with a potentially yet to be actually seen $25/ton decrease in total production costs.
MKR Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
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