Jan, neither you nor Bruce get it.
It will mine the stuff in Mexico, paying its expenses in either pesos or $US. It will sell the stuff for $US. The net profit will be distributed back to shareholders, being converted into $A.
If anything matters, it's the $US/$A exchange rate.
Now, if you were mining the stuff in Australia (therefore paying expenses in Australia), then the $A price of gold/silver is highly relevant.
So, get it right: it's the exchange rate, not the $A pos that matters.
- Forums
- ASX - By Stock
- cde
BSG
bolnisi gold nl
Jan, neither you nor Bruce get it.It will mine the stuff in...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla