RMS,PXG & TRY are not good examples of profitable companies because
their annual result for 2012-2013 were:
RMS: $50.7 mil loss
PXG: another cash burner last year relying on CRs
TRY: $18.6 mil NPAT or $146 an oz au profit at a time when gold on average was $180/oz higher than now
At today's POG, this would put TRY in the Red.
Many gold miners who did well when the POG was $1800/oz are under stress
now because their all-in costs are simply too close to the current POG and cash costs are not useful.
cheers
Moorookamick
