SAU 1.96% 25.0¢ southern gold limited

Mining margin

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    This is a link from a previously posted investor presentation from BMV

    This is from around April. During the presentation (just before 10min mark) Barclay states that early mining production can be done at a $600 margin. Back then the gold price was sitting at $US1250-1300. Now with the gold price sitting at $US1500-1550 that margin looks impressive at $US850. When talking $AUD that is a whopping $1250 margin.

    What I haven't heard much of though is the impact that silver credits may have on margins and therefore profits.

    Hope we get those permits soon and prices stay up at these levels while we start mining production.
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