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To: Wyätt Gwyön who wrote (209265)12/12/2002 1:16:49 PM
From: Bid Buster  Read Replies (1) | Respond to of 436258
 
<it seems one gets more bang for the buck from the miners. the question is how to quantify this.>

Easy..say a miner has a cost per oz of $250 and gold is at $300 that gives a gross profit of $50 an oz..
Now say that gold runs to $350 an oz and the miners production cost remain the same ..thats now a gross profit of $100 an oz or a 100% increase in gross profits vs physicals gain of only about 14%.