EVN is aussie miner.... ASIC is around $1000-1100oz AUD..... gold price $1500 AUD plus... $400-500oz margin.... and u think POG will fall below ASIC for some time?? Only way that could happen if AUD surged against the USD and POG dropped at the same time.... Well cant see that happening anytime soon as Australian economy in doldrums with China slowdown, USD surging will only weaken the AUD, benefiting local miners... Brazil is a perfect example, while most fearing POG at lows etc.... POG in BRL is at record high currently, the aussie miners will have the same effect in the coming years.....
Backed the truck up, page-15
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$4.57 |
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