AI
Tuesday, May 17, 2005 3:26:14 PM
yes, and GBN chart looks just as bad...
but, if Rand goes to 7.50:1, then Rand POG = 100,000 Rand per Kg. Most all SA Mines show good profitability at over 95,000 Rand per Kg.
Current SA Rand per Kg = 86,450
16% Depreciation of Rand from 6:48 to 7:50 = 16%
86450 * 116% = 100,050 SA Rand per KG
Burnstone would be highly profitable...
but, if Rand goes to 7.50:1, then Rand POG = 100,000 Rand per Kg. Most all SA Mines show good profitability at over 95,000 Rand per Kg.
Current SA Rand per Kg = 86,450
16% Depreciation of Rand from 6:48 to 7:50 = 16%
86450 * 116% = 100,050 SA Rand per KG
Burnstone would be highly profitable...
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