Five years from now we will need $3,000 an Ounce for Profitability??

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wrgunacstuf

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Five years from now we will need $3,000 an Ounce for Profitability??

posted on May 16, 2012 10:08AM

That will work just fine!!

LIMA (REUTERS) -

Sharp increases in mining costs mean gold will need to reach $3,000 an ounce in five years for the industry to stay profitable, World Gold Council chief executive Aram Shishmanian said on Monday.

See full article at: http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=151462&sn=Detail&pid=31

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