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Gold Emperor

1,624 Posts.

8

30/12/17

09:18

Post #: 29946185
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Originally posted by colinchi ↑

Sydney
I dont think you are looking at the real story

BDR have burnt through $50 million a year
For a few years

Gold averaged around $1300 this year
Much better than the previous 2 years
Still BDR finds itself in a worse financial position.

To make money they require $50 million in extra income.
Being genorous say they mine 150k oz
That will require gold at more than $1600 US an ounce
Before they are making money.

There is a long way between bleeding $50 million a year
and making money.

Much better plays than this one.

Cheers

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Gee Col you can be a b/s artist sometimes.
Gold did not average 1300 bucks in 2017 and you know it.
Try 1261.

BDR Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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