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Re: Big Barnie post# 49420

Sunday, 11/10/2013 9:15:17 AM

Sunday, November 10, 2013 9:15:17 AM

Post# of 113207
The Ruby can mine as low as $500.00 per ounce. It became worth mining when gold hit $600.00.

No way gold goes sub $1000.00 due to most gold produced today costs more than $1200.00/oz.

Some mines are already shutting down and if gold goes cheaper these will continue.

India and China wont stop buying gold so any dip will be short lived.

IMO we see $2000.00+ gold in the next 2-3 years, or about the time Ruby and Fraser reach full production levels!
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