Hang on a minute. Where on earth do you find a roof sparky on 170k a year. Where? Up north w.a only. Blue coat workers are paid a lot of money.go get a plumber to change out taps in your house . You would be happy to get away with 500 dollar bill. Labor costs to mining business is 60 percent business. Put on top all the other costs then there is little margin especially now with these labor policies. Why would you risk 1billion dollars to potentially make 50 million. This is where we are now. Give it another 6 months. A lot more mining companies dropping personal. Me personally being one.
Within the next year there goes the handouts to low income, there goes the so called dental/education/disability policies. No funding people. When one of the biggest gold producers in the world can't make money at record gold prices your in trouble. Miners already know its finished. If we could have been more big business friendly then we may ave been able to delay it for a couple of years but now we are walking into 400bn debt by next budget run and will keep climbing. Gina is right.
