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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (55211)1/11/2008 8:36:56 AM
From: WalterWhite  Read Replies (1) of 78417
 
WGI / WGW i think it has missed a beat because John Emery on BNN said he had some nagging worries about costs wrt open pit/lower grade operators. The comment was a general one, not directed specifically at WGI, but at least one person on CD's board interpreted it that way.

Specifically he cited fuel consumption of getting all the ore out of the pits. He believes oil, platinum, gold are just starting to move up. If oil "outperforms" gold, then yes margins may be impacted.

Globe
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