Post by
4x4 on Nov 14, 2012 12:15pm
grinding....
POG should continue to grind higher (imo) and will push through the $1800 range....VTR will be drug higher and news regard definitive feasibility and finacing (imo) in spring will finally rise VTR as the so called cream of gold stocks that are out there...
Comment by
VentureTrader1 on Nov 14, 2012 1:33pm
Yep, gold up, gold stocks down - makes perfect sense, because how will the gold miners EVER make money at 1700+/oz, especially when their average production cost is around $500/oz. Yes, this is one efficient market alright.
Comment by
MRBigbet on Nov 14, 2012 6:59pm
I have to be honest. I have never heard of a production cost of $500. They have been always around 900-1200 dollars. That would be one big profit for all newer mines coming on steam. If volta could get that cost we would be in the money big time! MrBigBet