RE:Have a listenIf you clicked on the link and watched the video you get a good idea of where TRX is heading. I've been in and out of this stock since 2004 and I've made money and lost money. When they said they were going to dig it out I bought in and averaged down as the price dropped. Now they are producing and putting the money into expanding production and drilling.
Points of note
They are selling the gold into the Asian market where they are getting a better price than spot.
They have had conpanies or individuals wanting to buy the gold for a discount and they have said No
They are produce gold at a much lower cost than most other large miners
Bill Holter thinks the proven and probable could winding up being 3 to 6 times more in the future
Lastly the big note on takeover of company. If in current times someone offere $5/shr, Stephen would take it to shareholders. However with new production coming on that hypothetical number could go higher.
When they were discussing this 4 or 5 days ago gold was over $2100 however today it bounced off the morning sell at $2324 and was heading higher.
Given the number of shares outstanding a $5 offer would be low if gold keeps going up like it is due to China buying up everything they can get and dumping their USD.