Very conservative assumption in your numbers Richard, but better be safe and prepare for the worst. In terms of cost of running the mine, the Brazilian currency is in constant devaluation, due to the political scenery and at the moment rates are $3.37,,, Some economist predict a further devaluation, with some predict exchange rates reaching $3.80. Just think about a decrease of a least 10% in labour cost alone if the currency keeps devaluation.
As you can see we are in the perfect time, and place in the world to explore gold... the company just need to come up with the goods, and we will be a bunch of happy shareholders.
OGX Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
