GREY:GDPEF - Post by User
Comment by
damianchosenoneon May 02, 2019 11:00am
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Post# 29700658
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hypothetical investment of $20M cash plus $20M tax credits
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hypothetical investment of $20M cash plus $20M tax creditsAGB has quadrupled in the last 2 years in a crapp* gold market. When gold recovers ( and it will), we will see it double and triple again.
In 2016, I remember when I was in Asia and I phoned George Young end of December. AGB was 80 cents back then and RCG was 22. I was told that Agb would not make that much money mining as their All susatining costs were high and that RCG had low costs. Well since then, AGB has losest costs in Atlantic Canada and RCG is halted.
One is up 163 % and th eother is down 96% from their December 2016 prices.
If AGB gets it, they will eventually be bough tout by a Barrick gold and they can explore the proeprties as they have enough cash.
The former superintendant at Dufferin told me that one day, they would hit a massive strike and have a lot of gold and then for days they hit nothing. He said that corners were cut and they didnt explore and diamond dril for where to mine.