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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

How low can the gold price go?

Posted on 24 April 2013

Killian Charles, an analyst with Industrial Alliance in Montreal, isn’t too concerned if the gold price hits $1,300 an ounce or even $1,000. He’s more concerned with the gold breaking point. How low can the gold price go without breaking a project? Investors will be surprised to know that a wealth of junior miners are lean and mean enough to survive a pint-sized gold price.
Charles talks with The Gold Report about which companies have resized and redesigned their projects to make it in this unforgiving market. There’s an unspoken belief that, when you invest in a junior mining company, you’re essentially buying a portion of the deposit………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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