Lots more profit in every ounce since 1180usd. Nearly 130 usd more per ounce. If Citi's forecast is somewhere near correct the price will be 1400usd per ounce in about 3 months. That's about 1560 aud per ounce.
big future coming up.
Lets say the POG as an average is 1350usd 1505 aud p/ounce and 200,000 ounces per year that will give us -
$310,000,000 aud $270,000,000 usd
and a truck load of Brazilian currency.
BDR Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
