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Barrick Gold Corporation Message Board

  • pinkal1000 pinkal1000 Apr 19, 2013 12:38 PM Flag

    1 oz gold really costs $410

    sandstorm gold. Seacrh for sand
    Average cash cost per ounce1 was $410 resulting in cash operating margins2 of $1,305 per ounce.

    Somehow they dont want you to know the real truth. There is no justification for corporations bidding up mining rights and spending crazy money on that, the real cost of mining is still really low.

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    • dorianpc Apr 19, 2013 2:19 PM Flag

      It doesn't cost anything. If you haven't noticed, gold is nothing but shiny dirt. You can dig a few shovel fulls out of certain ground and morons will give you money for it.
      Sometimes you can just print a peice of paper and SAY you are going to play in the sandbox for awhile and morons will give you money for that too!

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