GREY:GRFJF - Post by User
Comment by
stocksnbondson Apr 15, 2008 11:27am
220 Views
Post# 14972090
RE: RBC News
RE: RBC NewsThanks for the explanation. I didn't read through the last PR as thoroughly as I should have and this is a big mistake on my part. It explains perfectly why SP has been so low. The expectation is low until the next quarter.
I sold a portion of my position as mentioned, although I do plan on getting back in a couple of months from
now.
I see no reason why gold should not go higher from current levels. The US dollar will continue to slide in real terms and relative to gold.
Back to the gold production though........ I remember reading in a filing that WGI had stockpiles of ore and ready for the leaching pad? This was from the previous regime and the ore is just sitting there. I would think that this would be processed first hence the lowering of costs for all produced gold overall for the quarter?
cheers,
stocks