a lot big companies downgrading their production and have further problems like
1047 [Dow Jones] Sino Gold Mining (SGX.AU) shares tumble 11.5% as the gold miner downgrades the production forecast from its flagship Jinfeng mine in China. Sino Gold says lower ore grades in the open pit mine mean operating costs will rise. This, together with lost production due to power restrictions, have seen the miner cut production forecast by 20,000 ounces of gold to between 150,000 and 160,000 ounces in 2008.
companies with proven resereves and potential to further increase will have huge upside potential,
SBS will benefi from it.
SBS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held