High River Gold Mines Ltd HRIVF

Severstal made a great investment96z

[Olderwisernow]

Gold is currently trading at over $1050 per ounce in Canadian Dollars. HRG is a Canadian company.
Gold is up in terms of the Russian Currency 38% over the last 60 days. In other words, since Severstal made their investment the price of gold is up around 38% in their currency, which means of course they should be seeing a reduction of costs in terms of wages in Russia, along with some other costs.
The price of oil has dropped by a huge amount, even in terms of their dropping currency. This is one of the major costs for most gold mining operations, so these costs are obviously going down.
Silver is up as well, along with their shares held in Detour.  Whatever they say about Prognoz, love it or leave it, their is no doubt value exists. How much is the question of course.
HRG is undervalued: it should be trading far higher.IMO  If/when gold, silver resume their trend up over the next short while, after perhaps a small pullback from the latest run, and HRG resolves all of the nitpicking problems, I see far higher price. IF gold moves to $1000 and possibly to $1250-$1500 range later, HRG will rocket in price.IMO As this will coincide perfectly with the management changes, the results and remedies put in place, and the resolutions of the debt issues.IMO  It is all lining up perfectly.IMO