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RE: Get Mad…..or just Get Australian Gold Mining Shares
Put a $1 down for me please buddy. They do say that if the precious metals double, then the stocks rocket ten-fold. I could make $10 😜
Put a $1 down for me please buddy. They do say that if the precious metals double, then the stocks rocket ten-fold. I could make $10 😜
It all depends on the AISC (All In Sustaining Cost) of pulling the metal out of the ground. For these guys it can be as simple as :-
Profit Margin = Gold Price - AISC
That's why there can be such strong leverage. Not sure if I'd count on x10 but it certainly would not surprise me.