RE:The Debt MarketHi all,
First, I feel your pain since I'm very long. Why 2024-2025, simple, listen to latest Jag interviews on their website. Vern is aiming at 180k Oz per year by that time frame. In reality, he clearly stated that he will see direct gain of recent discoveries. Latest news is very good on exploration front. Did you notice almost no I spider selling? Sprott nil? Vern nil, etc. You must make the difference between the stock and the company. Actual stock price now is extremely cheap unless gold craters to 1200$ or so. Not in my book. They (feds) have tried to pull all stops, legal or not. Inflation is rampant and yes anything can happen, but remember in the 1929-1932 span....gold was the only thing that didn't go down while all the rest lost 90% of it's value. Gold stocks (Homestead Mining) went up 6-7 folds.
So, pick your choice. Nervous Nellie's just sell. This is not your mom pop stock market. It will be brutal one way then the other way...to shake most investors off. Don't be on margin since you'll be forced to sell. They are pro at this. It could go to 1$, then to 22$. Look at First Majestic in 2008...went from 6$ to 1$ in about 1 month then to 26$ all within 1.5 year or so. Be patient. The only bull market out there is in money printing.This will never stop....maybe slow down a bit, then re accelerate, etc.
Stay focused. Vern is doing his job. What about the rest of Management? Not sure. But don't forget, Eric Sprott is chief in charge. If he votes against a member of management, things can change right away. I think the appointment of Miss Oke is coming from him. She is there for merger and acquisition. That will come for sure. They are also drilling and expanding the reserve and resources and in early 2022, they will come out with a bunch of good news IMHO. They have 3 mills, no debt, and are very lean machine. Yes, not a 1M Oz producer but don't expect that either.
Hope this helps all. All gold stocks are down. However, Jag is one of the rare that have almost 0 insider selling and that bodes well. Also, in their position, they could make soon a real dirt cheap acquisition. It will always pay off to be a safe prudent conservative miner ..slowly but surely. Some stocks go up for 1 year then crash down due to only a short term philosophy but wall street pampers to make a quick buck.Slowly.....but surely. Be a 100k Oz per year solid constant producer and explore with the remaining cashflow and you will thrive.
Cheers