Now that is really silly. Gold is in a bear market in both dollars. Rby pays most of the bills in Canadian dollars and that is what hurts.so they receive their revenues and pay their expenditures in CDollars and that means that all is relative. As gold falls it will be worth less in each dollar. If gold falls to $900 in US dollars then it will sell for $1151 Cdollars. Do you think that gold falling from the current $1400 plus down to $1151 is not some part of a bear market. I suppose next you will tell us that if gold falls to $900 it will still be worth $1400 plus in Canadian dollars. You are one disturbed dude.
Another low life trying to take this guy down the wrong road. Don't some of these low life dwarfs have any common decency.
We are now in the 4th years of a gold bear market and I suspect by the time year 8 ends you will come to recognize it. Probably not before.
You can not figure it out, but it really will not make a difference. If you think for one minute that things are be different for the those that have cost denominated in CDollars you are on kidding yourself.
How would you know? you have never ever thought of using an sense in anything you say. But you use far too many words in your babbling trying to impress folks while you say nothing.
Yeah right. I think we are seeing just how bullish the exchange rate is being for Rby. It can not even break a dollar and is slowly declining even more. It still could easily drop below $.90.
Exactly and that will keep them from making the profit you are talking about. And the larger percentage of the expenditures are in the Canadian dolllars. So when matched up against the revenues then we see just how relative it is and there is no advantage. I am not sure how they can exempt 20% but that will not be nearly enough.
Only 20% is the problem because that means 80% is in Canadian dollars. Forget the calculations they are bogus. Someone like you is about the only person they can tell that to. You will lap it up because you can not think for yourself. And you want to believe BS anyway.
Lets not assume anything. We already have seen too many times what assuming makes of us. Lets wait and see. There has been far too much BS on this board already. I think you can forget total cost to be $913 will prove to be the joke of the decade. You are painting this pig with too much lipstick. $383 per ounce of profit is not going to happen at these prices.
You need to get real and understand that they can not sell gold in Canadian dollars and pay expenditures in U.S. Dollars. That is some more of your eating the cake and still having it thoughts. In due time you will see that all things are relative and that includes the Canadian Dollars Gold price as it relates to the U.S. Dollars Gold price.
Meaning what I said. All things are relative. It is fairly simple concept.
They pay their expenditures in Canadian Dollars too. So all is relative.
You are right. I think investors already know that Rby could not make a profit at these prices and there is the real danger gold is going to fall further with such little demand.