clearing permit approved, page-5

japar - i don't think it really mattered in regards to this response. What i was saying was he previously didn't care if the costs ended up being $900 rather than $600. As far as this specific investment goes, obviously valuations and prices would be based on an expected $600. A rise to $900 in cash costs regardless of price of gold still allowing the company to make a profit still means that valuation and price buyers would be willing to pay would drop. In the end he/she would lose money on their position, assuming of course they bought in the day before. Then again even if you bought in at 1cent, a drop from 8c to 6c on revised costs would still be a 2c loss in substance.