GREY:ALXDF - Post by User
Comment by
nelson11on Nov 06, 2014 1:07pm
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Post# 23102663
RE:RE:Gold where it's going and how profit from it
RE:RE:Gold where it's going and how profit from itHave to remember Gold is a Commodity not a Asset. 7 out of 19 Gold producers have set their Bench Mark at 1200.00 or higher and are digging the dirt at a loss. If gold goes to 1100.00 this become 9 out of 19. I don't known how much it costs to move dirt (Production5 knows)but, with the mill proximity, I would think AZX would be able to do this at 800.00 and still get a return. Just a little bit of Babble to keep us moving along. Best