GREY:LACHF - Post by User
Comment by
RedHorizonon Mar 09, 2009 12:25am
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Post# 15829770
RE: RE: RE: RE: RE: RE: LMA.TO - The Numbers
RE: RE: RE: RE: RE: RE: LMA.TO - The NumbersThey have already stated that their expected cost for 2009 will be $497 US, this reflects the decline in the Australian dollar which you mention and it also reflects the lower price of diesel fuel.
I am hearing in my discussions with several juniors that they are observing that the cost of getting good technical personnel is coming down significantly as well as the cost of equipment. As base metal operations shut down, precious metals miners are gaining the benefit of lower costs for everything. Especially those already in production. The place to be is the junior producers, not the pure exploration plays which have to go the market for financing. I have to believe the quality juniors will absolutely soar at some point.