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hewjet,That may sound logical in theory but it hardly helps the...

  1. CPDLC
    1,035 Posts.
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    28/06/13
    21:26
    Post #: 11942908
    hewjet,

    That may sound logical in theory but it hardly helps the high-cost ones who are already producing below the marginal cost of production.

    The second diagram in this article compares a few mines (MML is second from the left).

    http://www.zerohedge.com/news/2013-06-26/gold-drops-below-its-average-cash-cost

    CPDLC
    MML Price at posting: $1.55 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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