Well there out there in large numbers it's really only a matter of time before we see many hitting the wall >>and having to come to S/H to stay afloat esp if Gold stays or goes lower ....
I'm currently going over some PM producer ann reports,, I really don't think many investors understand is how slim profits are for many PM producers currently....all in costs for the likes of NCM is round $1400oz EVN $1430oz SLR $1325oz OGC $1000 PGI $800-900
Fact is many a PM producers Mgmt like to talk up mining costs being low but once you include the all in costs to mine they go up $300-$400per oz............or look at there profit numbers Qty you see it far from good ...then in many cases micro-jnr start up producers are having to pay back debt leaving nil to neg margins even if they were making a slime profit.....
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