Agree re concerns around debt funding and price of Au (and now Ag) Grajem12. There are many examples of falling commodity prices killing companies, especially those laden with debt - two recent examples are IXR and WDR in the iron ore space; the coal space is full of them. I'm coming from an SXG holder's perspective - do you add to your investment after years of waiting patiently? From this view, I think the figures stack up, provided you're aware of commodity price and operational risks. Given this is an Australian operation, the commodity price risk is mitigated to a certain extent by the falling AUD, meaning the AUD gold price is likely to be more resilient. Need to get to work now.
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Agree re concerns around debt funding and price of Au (and now...
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