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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (45182)	6/29/2013 12:53:53 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 48092

I think what he's saying is the industry as a whole won't be able to sustain the current output level long term 10+ yrs unless prices are closer to 1,500 plus. Given the drop off in grade over the previous 10 that may not be such a stretch. But your pt is also correct. A medium size producer should have no problem making a nice profit at 1,500. SA has been in decline for a while. He might have been talking in general, but with an SA bias.