RE: RE: RE: RE: ......$1450 gold.... here is my breakdown...
they gave guidance of all in cost of 1055 to 1155 on about 320 000 ounces for 2013, so I use 1350 gold ( where it is now) and the middle of the cost estimate and you get all in cash margin of just 64m. that shows you the power of leverage in that they were looking about 100m higher at 1600 gold. Given they planned to spend 200m in capital costs next year, and they have about 100m in cash, EDV is no longer fully funded. This can be done to almost any gold stock, and shows things aren't too rosy anymore.