Some food for thought regarding falling POG and NST. Let's say POG falls to say $1200/ounce. How many ASX gold miners would be losing money or be put on care and maintenance? Would this help the operating costs for the remaining miners that are profitable at $1200 due to less demand for mining services and supplies? How many really would still be profitable? There must be some point of POG that would create a significant fall in world gold production or ,especially in Australia, a major fall in cost of production?
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 9576 | $17.97 |
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Price($) | Vol. | No. |
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$13.44 | 37953 | 7 |
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No. | Vol. | Price($) |
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2 | 9576 | 17.970 |
5 | 18334 | 17.640 |
1 | 1250 | 17.340 |
9 | 4023 | 17.000 |
1 | 1049 | 16.990 |
Price($) | Vol. | No. |
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13.440 | 37953 | 7 |
15.460 | 212 | 1 |
15.500 | 755 | 1 |
15.560 | 2997 | 4 |
15.630 | 58319 | 2 |
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
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