The Gold price is depressed, therefore, BDR is depressed - it's that simple.
It has nothing to do with ''Jaws of Death'' or costs denominated in BRL. (for the moment)
Leading up to the Fed announcement, nothing is going to make any sense.
BDR is cheap, when gold goes back up to $1900 USD/ounce you're not going to believe that you could have once bought BDR in vast quantities for 11c/share.
Cheers
Ivan
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