RE:RE:RE:GoldqueenPutting a time frame on that would be impossible. To get to $5 several things obviously have to fall into place. We would have to define a resource of a million ounces...that will take time but I think it will happen. We'd also need the price of gold to be at or near all time highs...again, I think that's going to happen too. If I were to guess...and it would be just a guess...3 years. That's enough time for gold to get to a new all time high...$2000 an ounce....and for us to be cash flow positive so that more surface drilling can take place to prove out the entire property.
I plan to stick around until gold hits a new all time high or something changes that makes me think that won't happen. $2000 gold is a good target at which point I'd sell all my miners and move on to something or somewhere else.
If we can grow the resource over this time period to a million ounces or more then we should command a billion $ plus market cap.
$5 is a stretch to be honest but I've outlined before how we can easily get to $1 and how it wouldn't be unreasonable to see us climb to $2 or $3 ...but it will take time and the POG to get us there.