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"Suspect the drops are probably too late to move the needle in...

  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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