cost of production, page-9

Strat

he can't rattle my cage - lol

Been in this "dog" far too long to loose money !!!!

Just really "like" non holder posts spurting facts - not !

Guess an ex holder who got burnt.

POG did the predicted gap to the upside due to:

SPAIN/Greece and the demise of the Euro
US figures starting to show the "bubble"
China with the brakes on and supposed 3 bill? QE

As I said before:

Pretty sure our board knows which operations it can "moth ball" during times of duress and which to aggressively drive forward to maximise returns.

CRE will swallow money as FML is returning it to being profitable (just a fact of life)
FML and all producers will always be "highly leveraged to the price of gold" - what an obvious statement, sorry.

NCM is making the decision to concentrate on off shore project as they think production costs are too high in Oz - I am happy to keep staff employed here in Oz under our conditions and have always been prepared to sacrifice some "profit" for it.

Those who just want to see profit - no matter the implications - can invest in OS producers; just a personal choice.

Any weakness in FML SP - more for me.

IF you care to look across the sector:

Hardly any producers left who hasn't lost "value" to an extend not seen since 2008.

You're either scared by this or see opportunity.

That said - maybe the best time for "buying" anything might be in 2 to 3 weeks time; or find another "safe heaven" for your cash before that.