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Gold/Mining/Energy : Barrick Gold (ABX)
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To: russet who wrote (2539)5/8/2002 7:08:21 AM
From: re3  Read Replies (2) of 3558
 
russett you say <<<<Given their cash costs will only be around $250 per oz (based of present reserves) they will have cost of goods sold of 6mm*(891-250)= $3.8 billion dollars (near one billion per quarter), yet it is your contention that Barrick will stink up the joint,...this is why I get tired of this discussion.

okay, but how do you know cash costs stay at $ 250...if the pog goes to the moon, won't costs end up going up, labour costs, energy costs, etc. ?
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