Several years ago at Diggers & Dealers many of the prospective gold producers used the same phrase to promote their prospects: "Highiy leveraged to the gold price". I thought all gold producers were leveraged to the gold price, so I naively asked a friend who speaks all dialects of promoter: "What made these guys more highly leveraged than others?" His incredulous reply was: "You're not serious - it's a direct translation of high cost, in fact, their likely cost is above the current price, but who wants to stand up and announce that?"
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