Thank you. But is our current grade at 2M ounces good enough?
So we need the gold price in AUD to peak in 2021 ish so the boss can hedge half or all of the production of the project...(basically run away from the risk) May be we will be ok with that. The talk now is that a recession in the US might only be in 2020 as they are now going to keep the stock market going by reducing rates again. short term (up to 2021 2022??) that will be ok. It is just that the longer term damage will only be getting bigger. By then ALL stocks will tank dramatically as there will be a flight to safety(and that is not gold) although a flight to the US$ sounds also strange as that is where the real problems are.
A flight to boxes of beer and tomahawk steaks sounds sensible........
I love this forum.
Ann: Recoveries & Resources Potential support 2Mtpa Study Scale, page-42
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