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$a and price of silver, page-6

  1. 2,075 Posts.
    "Suspect the drops are probably too late to move the needle in 2013"

    not necessarilly, the forcasts for $4m. - $5m. profit came out on 7th. feb. when silver was $us31/ oz., and beginning to drop. so you could draw an average price of silver for the last 4 months at approx. $us 25/oz. ie. $us5/ oz. less over last 4 months of H2.

    the AUD did not start to depreciate until mid april so you could only put an av. price of $A0.98c. say an av. exchange rate reduction of say 3c. for the same 4 month period.

    both combined should still make a difference on the upside to that forcast. wait and see i guess.

    GK
 
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