Well, the average cost of production is about $13 or so the last time I checked. I started following precious metals back in 2005 and realized it is one of the most manipulated markets in the world. The bullion banks control the paper price, this is done via the LBM fix, futures contracts and naked shorting.. so the price can go as low as they want, but realistically not much lower than the average cost of production as the mining operations will shut down. I know many here are bullish on Bitcoin, but the big boys at Wall Street most likely have controlled the price and market since the begining of the year, now they will use the BTC futures contracts to control the price of BTC.