RE:Gold in Bull Market - Copper about to Explode - also GIXHavu
You are absolutely right. Geologix's low $238.00 an ounce mining cost is based on their massive amount of copper. This giant sleeper is about to awake.
"Geologix Explorations (
GIX:TSX)
released revised cash cost estimates for its Tepal Cu-Au project in Michoacan, Mexico in accordance with WGC Standards (total cash cost = mining costs + on-site G&A + treatment/refining charges + royalties + transportation + by-product credits). Due to the large Cu component, GIXs total cash costs are estimated at US$238/oz."