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Message: Silence before the storm

Silence before the storm

posted on Jan 07, 2009 08:55AM

WPG money, there is an old saying about the quiet before a storm. Maybe we will be getting some of the much expected news this week. $1000 Cdn gold is pretty attractive especially when all your expenses are in Cdn dollars and they are also down 40-50%. Diesel was up to $1.60 last summer and now it is $0.79 a liter in Alberta. Labour costs are down. All of the suppliers I've talked to other than Bobcat are offering 30-40% discounts on drill bits, core rods etc. Good time to buy, bad time to be selling. SGR is in the drivers seat if they become cash flow positive. This what happened to the gold mining companies like Homestake Mining in the last depression, they had unbelieveable profits.


Jan 07, 2009 10:24AM
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Jan 07, 2009 11:10AM
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Jan 07, 2009 12:23PM
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