GREY:SGGDF - Post by User
Post by
snowtigerrron Jun 07, 2017 11:36am
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Post# 26335524
$0.94 price target
$0.94 price targetLooks like gold will retest $1300 after breaking through significant resistance at $1280, this is excellent for Sage's economics at Clavos.
The combination of inflationary fears and lacklustre US jobs data ironically support higher gold prices, fancy that. Not to mention the flight from paper to cryptocurrencies recently. Gold could receive further support as the classic hedge to paper if/when the crypto hype starts fading.
If Sage continues executing in a timely and cost efficient manner as they have I don't see how we won't be trading $0.50+ later this summer on new drill results, pre-feasability, upgraded PEA and first pour gold production.