all in costs are 1200.........now gold was 1325 kgc traded to 5 ... gold went up 100 dollars kgc went up 50 cents ........so if gold were to go up say 400 dollars kgc will trade to around 8..... as for tasiast even good news wont help much........ support at 1400ish next stop 1250.............if that fails
Hi Chico, I agree with most of what you said here. The price action is disappointing relative to gold. Across the mining sector, the massive gap between the miners and gold got bigger after the gold drop and during this climb back above $1,400. Still, the dynamic may be gradually changing as the mining companies fight to get costs under control. The miners over the last several months have aggressively led the gold market's fall. Where I would disagree with you, is in your hypothesis that 1,800 gold would equate to $8 KGC. That is impossible to validate or correlate. And to the contrary, I would argue that if we longs were fortunate to see gold make that kind of climb, the miners, especially KGC, would probably transition to leading the climb higher just like they led the decline. There is no way to put a price on KGC at $1,800 gold, but I suspect it would be north of $8 based on the the idea that the miners would transition to a somewhat geometric progression up once gold showed that it in fact was not in a bear market at all. If we are looking at $1,800 gold again, that will be a very good problem to have, trying figure out the best valued miner at that level.
went out to get some beer .....sold my sam aka boston beer ...........average cost was 45 so i figured i was getting greedy...........as for kgc ok i will give you 10 at 1800 .. but if you really bought ngd it will be 15 -20 as costs will drop in the next few years and all in costs are severakl hundred dollars lower already than kgc............enjoy ......i just wish i was convinced you bugs are right about gold price ..if i was i double my ngd position.gltu