Guyvol. Look at the costs of production - CAPEX and OPEX in a high gold price environment. Start with the cost of Oil. Also look at the exchange rate changes if the PoG is going to be quoted in $US. The picture is not as rosey. Physical gold would be worthwhile and established producers with low production costs and infrastructure already in place. What I'm saying is the PoG doesn't help the newbies.
kiernan to put in 15 million , page-10
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