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<p>[QUOTE="medoraman, post: 1732573, member: 26302"]I agree. The devil is always in the details as well, meaning was this "cost" fully costed or incremental costs? A mine will continue producing as long as incremental costs are covered, meaning the costs above and beyond the cost of mothballing a mine and reopening later. This and future hedging is why mines can stay open and produce for a long time well under their fully costed price. </p><p><br /></p><p>Bottom line, short term anything can and does happen. Long term I do not see PM being able to sustain $12 silver or $800 gold, but it sure could go there for a while. Will it? I have no clue, like anyone else really, no matter what pundits on either side might claim. Personally I am thinking for some reason if I could get a monster box for less than $10k it might be hard to resist. My main problem would be where the heck to keep it. That is the problem with silver, its too valuable to leave lying around the house, but very bulky for SDB storage.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1732573, member: 26302"]I agree. The devil is always in the details as well, meaning was this "cost" fully costed or incremental costs? A mine will continue producing as long as incremental costs are covered, meaning the costs above and beyond the cost of mothballing a mine and reopening later. This and future hedging is why mines can stay open and produce for a long time well under their fully costed price. Bottom line, short term anything can and does happen. Long term I do not see PM being able to sustain $12 silver or $800 gold, but it sure could go there for a while. Will it? I have no clue, like anyone else really, no matter what pundits on either side might claim. Personally I am thinking for some reason if I could get a monster box for less than $10k it might be hard to resist. My main problem would be where the heck to keep it. That is the problem with silver, its too valuable to leave lying around the house, but very bulky for SDB storage.[/QUOTE]
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