High River Gold Mines Ltd HRIVF

Wind at our back

[cjsell]

I see FX is almost at par this morning (Toronto time) and gold is up almost $40 per oz, so the swing cash flow wise is $80 on FX and $40 on the run up to $1,700 makes $120 oz  or  $12 million per quarter. 

Yes I realize gold equities have been hit hard, but Severstal had better wake up if they want to shine up their TURD called Nord Gold! 

We will see nice earnings next Monday.  What we need to see are the financial talking heads saying gold equities are a total steal, then we will get some real momemtum.  This will happen shortly, gold stocks are just too cheap.

CJ

[Novaman67]

You bet CJ,Gold is 1707 at 11:37 eastern time......NM67

[tom_abc2003]

I own this stock for long run, I hope it go down to $1 , so can buy more.

[cjsell]

Like I said, wind at our back, but Severstal's stooges keep peeing us in the face!   I do find it troubling that we have not seen Goldman buying yet.  We are $175 per oz to the better and saving 50$ oz on the cost side.  We will be annualized closer to .20 earnings (rolling 4 quarters) and at the current 8X spread that gives a rock bottom floor

[1marketmaker]