Re: Re: Re: Re: Frustration with FSN
in response to
by
posted on
Dec 06, 2008 09:45AM
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Diggy,
Lower oil prices will make Tyhee's open pit operations even more economical.
So, if gold goes under $500, below which Webb says it would make Tyhee unprofitable, then the profitability bar might be lowered down even further.
Remember what the PA suggested, it'll cost Tyhee $384 to produce one ounce of gold. That cost will be revised downward with lower energy prices.
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