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Metal Detecting Stats

mcjtom
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mcjtom Copper Contributor

mcjtom

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On 9/11/2022 at 10:41 PM, Geotech said:

Compare your Minelab curve to the price of gold over the same time span and you'll have your answer. A very large percentage of ML revenue is in African gold prospecting and sales there are very dependent on the price of gold.

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Seems like there may be some correlation between the two, perhaps a causation as well?  ML in 2014 report appears to also blame unfair competition and borrowing their technology by others for the fall.

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