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RSG $1.13

australian gold price

  1. watso

    19,430 posts.
    i have no idea, as to what extent, rsg, may have hedged (as part of the financing package) their recent purchase of the ravenswood gold deposit. if there has not been too much hedging, and if the nexus between the $US and the gold price is broken - ie the real price of gold increases - then rsg, will have made a wonderful purchase. output is 200,000 oz per year, with a cash cost of $australian 425 $ (average). on todays australian gold price, that leaves a cash margin of $145, which will ensure a rapid payback of the purchase price. i am looking forward to good profits from rsg, in the coming years

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