Thats $1.2373 CAD to buy $1 USD
With Gold at $736 = $910 canadian
Not long ago when $1 USD = 1.14 CAD
and Gold was at $800 ($65 higher) Metanor was selling gold at $919 cnadian.
So even if Canadian $ falls to $0.70 and gold down another $100 to $635 Metanor will still be selling gold for over $900 canadian LOL
So either way you go Metanor will be in the business. Gold goes up canadian $ goes up, US $ goes down we lose some on exchange but higher gold prices recompensate the exchange loss. Gold goes down, canadian $ goes down US $ goes up we make the same $ because of weaker canadian $
So we are basically immune to any fluctuation :)
As of now Metanor is making rougly $500 on every ounce if you take $400 production cost.
Art27