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  • How Cheap Are Gold Stocks Relative to Bullion? [View article]
    """why not then just buy low cost production, like GG, or perhaps AUY? I am not sure why or how their margins are better,""""

    Almost all the mining companies play a hocus pocus game,
    where they pretend to be a pure miner of one metal.

    In reality they dig up a ton of ore and get a bunch
    of metals.
    Then they sell all but one and use those profits to
    offset their costs,
    And then the one chosen metal is said to be
    practically free.

    Take FCX: they claim to be a copper mine, and
    they claim their New guinea mine produces
    copper for about 5 cents a pound.

    BUT, they make a fortune selling gold and silver
    from that mine and claim they make zero from
    the those metals.

    It's just an accounting/public relations game.
    Mar 31 01:33 am |Rating: 0 0
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