1200 Brigus is one of the best
Example
Brigus will need to cash flow neutral and can fund greyfox and everything at 1275 min
2013
At 1600 Net cash 26.5 at 95000
At 1275 gives 325 * 95000= 30.875
Q1. 26 will give production 104
So extra net cash of 1275*9000=11.475
So at 1275 net cash off 26,5-30,875+11,475=7.1 milj This will fund g&a plus exploration Net cash flow 0
2014
Net cash flow off 25 milj makes 10 cent per share at 1275
25 milj less capital needed
At 1175 will give neg cash off 10 milj 2013 and pos cash flow of 15 mil in 2014 So +/- 1200 is breaking point
But at 1200 40% and even more of production will disappear so demand and supply will drive prices quickly a lot above 1200 and with o lot less miners demand for brigus will be good