George, a few of my old dogs have started to arise from the dead. however, i would look to $300-$320 as the top. many mines are now becoming efficient, $200 is a good cost now and you will see some supply hit the market, not to mention some forward selling. the days of the $300 and up cost gold producers are over. you will have to agree with that? one of the top producers which is a very stealth company, is Iamgold, selling for $4.25, they are hooked up with anglo, their symbol is IMG on the toronto, their costs are approximately $130 per oz. they have profits and cash flow, 80mm shs out, and $60mm in cash, they were $3 a month ago. these types will benefit , the exploration plays will no participate as much because of the unknown factor, unless we see $350. too many of us got taken in by many a scam over the past three years.
vargas
vargas |
