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?
Some food for thought regarding falling POG and NST. Let's say...
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Last
$15.70 |
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-0.840(5.08%) |
Mkt cap ! $18.05B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 38906 | $15.70 |
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| NST (ASX) Chart |