RE: RE: RE: RE: RE: .....should they cover Agree about the price of au and ag plus the general beatdown of miners having an effect on this. No question.
All my miners are down.
I would not call Dmm's issues secondary to that tho. The fact Dmm can't produce a product at a profit is still the primary reason why the price of this is $1.50 and dropping due to the beatdown to $1.30 as opposed to if Dmm was at commercial production and priced at $5 and dropping to maybe $4.
So clearly Dynasty management's inability to make Zaruma pay is still the primary reason it is in the toilet and not the au/ag beatdowns. The beatdowns make the price lower for sure but it's not the primary cause fo the low price.
One only has to think for a moment to see this is true.
Consider if ,Monday morning, Dynasty announced that not only was it profitable but that it was officially at full commercial production plus gave guidance of further profits. Do you think the price would go up by more than the $.20 the au beatdown caused it to drop?
Clearly Dmm's issues are not secondary.
I agree the beatdown will reverse too.