OTCQX:BGMZF - Post by User
Post by
boss_wazon Jan 10, 2014 10:58am
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Post# 22077985
[Gold price Channel]
[Gold price Channel]I think it is interesting that the Sprott deal used Gold price parameters from $1200 to $1600....(re the $15mil personal loan paid back in gold priced no lower than $1200 etc...)
Well, gold hit $1200 (overshot a bit), and appears to be holding...and should this rise continue...could mark the bottom of the channel...right in-line with the sprott deal...
So the big question is will gold stair step upwards towards the high end of the Sprott deal parameter i.e. $1600+...?
And if so, that could make the [potential] BL production very profitable....
Of course if not (and gold crashes $1200)...well then its really important for BGM production costs to be at or better than the [video stated] $900/oz....
So far 2014 has gold rising...slowly...for how long...well lets see...