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Strategies & Market Trends : Strictly: Drilling II
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To: Roebear who wrote (23519)12/16/2002 5:57:00 PM
From: Art Bechhoefer  Read Replies (2) of 36161
 
Roebear, the lowest gold production costs appear to come from the Freeport McMoran operation on the Indonesian controlled portion of Papua (where some of their employees were killed recently by terrorists). Aside from the security issue, I fail to understand why a marginal gold producer who needs close to $400 to make any profit would continue trying when a property like Freeport's has a cost somewhere near $138.

Art
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