increased price paid for buyout ounces

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sculpin

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increased price paid for buyout ounces

posted on Aug 08, 2011 12:27PM

The POG presently at $1711. I beleive it may retrace to $1600 at some point soon, but maybe not. I am not sure if there have been any aquisitions of juniors lately, that we could see if the payout price per ounce is rising. Surely, if the POG retains the $1600 level, or higher, the price per ounce bought in the ground, should go up. BOW, is using $150 per ounce. We may have to put that up to $160.

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