So 800oz at estimated $350USoz cost and $750USoz sell. That's $320K right there. I know its rudementary figures, but if they hit production estimates of 27-35K oz from Engenho, they should be cash flow positive by the end of the year.
Anybody checked out the Gold Vs Oil lately, and do you recon the correlation is still there?
What will happen to Gold if this correlation still holds true?
Check out: http://www.zealllc.com/2004/goldoil4.htm
