Red Eagle Mining Corp RDEMF

RE:RBC adds $200 to its gold price forecast

[wiseyoungman]

Great post DRYOASIS. Gold has too many tailwinds to be affected by what the FED does in the US in terms of raising rates in September (no way) or December (unlikely). Either way that won't change the fundamentals which include the fact mining companies have cut their OPEX by around 30% compared to a few years ago during the worst of downturn. Many M&A deals have taken place and I like the mid tier producers more than the largest gold miners generally.  The FED action does not address negative interest rates in Europe and Japan and geopolitical risks.  Also sentiment in the junior space is much different now compared to the 2 or 3 gold run ups in the past few years which faded. Very different now that the big boys are back in the space.  

RD is well positioned since its all in costs are $600 per Ian Slater which takes into account the weak Colombian Peso compared to the 2014 feasibility study (e.g. now 3000 pesos to a US dollar compared to 1900 in 2014).  Next catalyst for RD will be the gold pour however more importantly the market (and me) are waiting for the reserves at San Ramon to significantly increase based on drilling the extension and at depth. The stop drilling is largely priced into the stock for the most part. 

GLTA