Yes fuel costs will hurt at some point, especially high strip ratio lowgrade openpit operations, for sure, this reprieve is temporary ... could get quite a few months out of it, couple years maybe before 100 again, who knows, but cheap fuel guarantees that a lot of cheap fuel gets burnt up and then what do we have left, expensive fuel ... it was smart of wgi/wgw to hedge diesel like that, you wonder how far out they could do so, if anybody would take the other side of the trade for three years out [and then stay in business long enough to deliver] ... i was going to say, look out for new highs in oil within five years, maybe 200, but Claude just upped the ante to 300, lol ... and he's right, as long as PMs outpace the crude everything's fine [but this means no reversion to mean for gold/oil, hmm, how can that be]
hl - interesting chart action, i have to look closer at Hecla ... also ipt.to which sold off a bit today, got to catch up with its story ... evenings are pretty much centred around the kid though, makes it hard, tendency to get stuck in ruts following the same three dozen
ktn.v - not the best of broad market days for their news, but it still got upticked a bit ... one of the better candidates for percentage returns from this point, imho
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