GREY:VITFF - Post by User
Comment by
justcurious1on Dec 14, 2011 1:10pm
188 Views
Post# 19321818
RE: hold my hand thru the gloom
RE: hold my hand thru the gloommost miners use long term commodity prices when completing pea's and fs's, ie. 1200-1300 gold and 2.25 copper. fact that gold prices are adjusting, no biggie. low grade deposits are the only thing found these days unless you want to build in africa or south america where gov'ts are unstable and looking for a bigger cut which makes low grade, 7 mil ounce , low cost producers, low capex in a stable political environment quite attractive. then if you think all gov'ts in europe and the u.s. are in great financial shape with growing gdp then yes gold will retreat below $1,000. then again, you probably also made plans for the world to end in 11-11-11 ! lmfao
p.s. sell me your shares