re: Citigroup

If prices fall below $60 per tonne, then even the heavyweights would be considering their options. There are exploration, establishment costs, let alone the cost of ongoing production. If I were RIO or BHP, I would seriously need to justify rates of return if the world become so oversupplied and/or the demand falls. They may move onto another commodity. There are some many conflicting predictions, that long term price predictions become uncertain. Let's hope that AGO can adapt!