if you add current assets, buldings, lands ( without counting the ounces!), equipment and substract long term and short term debt, you find a value of 700M$.

So in fact, the value given by the chinese company is euivalent to the liquidation value, but without counting the 20M of ore ounce and reserves...

It' very very very cheap!]]>

if you add current assets, buldings, lands ( without counting the ounces!), equipment and substract long term and short term debt, you find a value of 700M$.

So in fact, the value given by the chinese company is euivalent to the liquidation value, but without counting the 20M of ore ounce and reserves...

It' very very very cheap!]]>

You forget the real price of production which is about 1200-1250$/once all cost includes), which is the most important data to know (don' care about quantitive easing, and so on...)

At 1200$/once, half of goldminers loose money.

Can you explain how can you expect in this case that gold price will fall at 1000$?

At 1000$/once, about 80% of goldminers loose money, which can't be possible for a long time!]]>

You forget the real price of production which is about 1200-1250$/once all cost includes), which is the most important data to know (don' care about quantitive easing, and so on...)

At 1200$/once, half of goldminers loose money.

Can you explain how can you expect in this case that gold price will fall at 1000$?

At 1000$/once, about 80% of goldminers loose money, which can't be possible for a long time!]]>