1 Year ago: 2.7 real= $1 USD................................................
Now:.........4 Real = $1USD (depreciation 48%
So the cost of labour has gone down by a significant amount and also the cost of administration with brazilian authorities should also have gone down .
I hope we can buy out our partner in Braz real rather than us$ or aus $.
Very happy with today's SP .
GLTA
CDG Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held