RE:RE:RE:Soaring costs in miningI understand it's not easy but if the miners cooperate on it, it is posible....
you said "take the market price".... that's what I said too....but this is not market price it's manipulated bankers paper price.
Yes miners can sell just enough to pay the bills and keep back the product... First Majestic and a few others are already doing it...
Stratocheif wrote: All resource producers are price takers, not price makers. It's easy to say what should be but it's not reality. If you make a widget and your widget is better than your competitors you can charge more for it. If you dig something out of the ground, forest etc, it's the same stuff as the other guy is digging out. Coal is coal, nickel is nickel, oil is oil etc. You can't make your price for that stuff. You have to take the market price if you want to sell it