GREY:HGGOF - Post by User
Comment by
goldenriviton Dec 01, 2022 3:10pm
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Post# 35144089
RE:RE:Selling by the fund seems over
RE:RE:Selling by the fund seems overI expect the SP will be much higher over the next 3 weeks as tax loss selling is over and all those Ellis zone holes will be reported and some of them could be like the DC hole that took HIGH to $2.Gold has staged a stunning recover off of boader line breaking near into the $1500s .The $1800 area is looking as a solid base as the US FED might slow the interest rate cure putting a floor under gold.JT is already pointing to a multiple million oz resource of super grade.Its 1 million oz is trading for a mere $50 per oz.But if 2 million oz is next seasons target then its $25 per ounce.But if Gwen Patterson is right on 3 million then its $12 per oz with gold at $1800 is crazy.I think HIGH will mount a 5 to 6 rigs for next season and AEM will fund it at a hire SP.