OTCQX:DMMIF - Post by User
Comment by
1kgcoffeeon Nov 22, 2013 10:14am
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Post# 21931127
RE:RE:RE:RE:4 long months to wait
RE:RE:RE:RE:4 long months to wait"Gold took twelve years to reach $1900/oz, my guess is that it will take time to make a complicated bottom"-Jim Rogers
We could see downward to sideways movement in the POG. The question is, can they keep their cost of production low enough to survive another deflationary shock in the price of gold? It seems that in the recent quarter, dynasty must have mined at 8-10gpt, which would put the cost of production below $1000 an ounce, maybe closer to $800. If they have even a couple quarters with such numbers (while other producers go bust) it may be enough to guarantee survival until the trend reverses in a year or two. A $200 profit at 40 000oz should keep longs satisfied until then.