Thanks billiI guess there should be a caveat (or two) there . ....

Thanks billi

I guess there should be a caveat (or two) there . . . . unhedged & low debt.

But when you think about it, compare one with a cash cost of $250 with one with $340 . . . . at POG $350 the latter is in a coma while the former is doing well and you would expect that their share prices would reflect that.
At POG $400 the % increase in profit (simplistically) of the former would increase by 50%, while the latter shows a 500% increase.
Surely this would increase the value per share of the latter to a far greater extent than the former ??