looks like will be testing the 1650 mark for quite some timeas...

looks like will be testing the 1650 mark for quite some time

as long as we cycle 1620 - 1650 most of the producers I hold should still be more than viable

But as you say - nothing ever goes up in a straight line and stays there


So more than ever:

production costs (REAL cash costs) are vital and usually are determined by

- grade
- ease of access
- ease of extraction
- location (determining labour costs, stability, royalties, taxes etc)

and from my experience canonman called it correct more times than I sometimes cared for - LOL

the lesson from 2011/2012: trade the swings