The doomsday scenario of gold dropping to $1k per ounce could make half the gold mining industry worthless, says BAML - not expecting such, but wanting to highlight the vulnerability of high-cost producers like Sibanye (SBGL) as well the attractiveness of less-sensitive Goldcorp (GG), Franco-Nevada (FNV), Royal Gold (RGLD), and Silver Wheaton (SLW). The GDX -1.3% on the session.
The doomsday scenario of gold dropping to $1k per ounce could make half the gold mining industry...
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