BLUE SKY BREAKOUT

[trunkmonk]

BAA-Gold Below $1,100 Threatens Profit at One-Third of Producers
if it puts some out of business, the price could and may sky rocket, it is possible but not probable it will get that yet.

http://www.bloomberg.com/news/articles/2015-07-24/gold-below-1-100-puts-profit-at-third-of-producers-under-threat?cmpid=yhoo

The report also illustrates the exposure of major gold miners should gold prices drop further. Barrick Gold Corp. had an AISC of $927 in the first quarter, compared with $885 for Goldcorp Inc., and $849 for Newmont Mining Corp. Kinross Gold Corp. had a cost of $957 an ounce and Yamana Gold Inc. of $893.
The lowest price forecast for gold in a Bloomberg survey of analysts is $825 by the end of 2016, according to BI.


BAA AISC at Banro is much lower than any of them.