martabe overview world class gold district - G-Resources
martabe overview world class gold district - G-Resources
martabe overview world class gold district - G-Resources
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New supply flat Global discovery rates are falling<br />
Supply fundamentals:<br />
Strong demand + flat supply = buoyant prices<br />
Gold price outlook:<br />
Consensus for 2013 is US$1850/oz<br />
Many are forecasting US$2000/oz+ in 2013<br />
Medium term economic stability could induce<br />
profit taking….<br />
GOLD PRICE TO BE BUOYANT.<br />
Mine production provides majority of <strong>gold</strong> supply<br />
Recent new projects will see supply peak in 2015<br />
Thereafter supply is expected to be flat<br />
Existing mines are depleting<br />
Gold discoveries are declining<br />
Lead time for a new discovery is 10-15+ years<br />
…..however supply shortages and higher<br />
production costs should support the price<br />
US$/oz<br />
2000<br />
1500<br />
1000<br />
500<br />
Gold price trending upwards<br />
0<br />
00 02 04 06 08 10 12<br />
US$ B<br />
17
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