We produce gold at low cost and sell at the highest market price. This is one of VGMC operating philosophy that is understood by each employee Virgin Gold. Corporate Not one to produce at the lowest cost and sell at the highest price.
Although the entire world is generally bullish on gold prices hit USD 2, 000 per ounce in the medium term; correction in-between demonstrations can be of 30-50% and lasted for several years. Companies are not ready and did not see that possibility will eventually lose a lot of shareholder money.
With the possibility that only one of which leads to the discovery of 3.000 mine development, and only 10 percent of world gold reserves contain enough gold to mine, exploration can be tedious and expensive. For each one of the gold mining efforts are successful, at least there are eight that failed. Greedy company owner caused the loss of innocent investors hundreds of millions each year believed to gold fever.
In the Virgin Gold, we are very careful about the cost of production. We have been in operation since 1999 and always produce a good profit regardless of the price of gold because of the way we operate. We have the resources we have never been over-committed and rose gold has never been over-estimated the price.
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