Post by
silvereagle80 on Jul 13, 2022 4:45pm
Runaway Inflation &Falling Stocks should increase gold price
I have been following Atac since the 80"s There were statistics available on the internet of prices in the 1960's. A couple other small gold mining stocks went from $.04 to $400. I guess during that run the riverboat gamblers got away from the casinos and into the mining stocks. Prices eventually settled down. Then prior to 2008, a similar but less dramatic rise happened again. ATAC was pushed to nearly $10.00 per share. I guess the speculators eventually realized that gold mining is not like farming. It may take 20 years or more to find the gold, get the permits , finance the project.build the plant and start mining for gold. The scene is being set, I think, for one of those crazy runs in the small gold stocks. Falling stock market and run away inflation,etc . <br /> Atac at $.09 is 1/100 the value of its highest price. The gold is in the ground, you just have to dig it out. (build a road too). I would suggest that the ATAC people look at Seabridge's (SA on the NYSE) presentation on their website. Seabridge has a two page presentation of mineral reserves and resources. If you calculate it all out, they have about $1,700 of resource for each $12.00 share of stock. $12.00 is more than 100 times higher than ATAC's current stock price. ($.09, .90, 9.00). When this gold market makes a run for the moon as it does about every ten years, Seabridge will have a nice presentation for the new gold stock investors. Also, over the last 10-15 years Seabridge has only increased their shares by 150% while they increased their total resource by 900% ATAC has done pretty well too. At $.09 there is a lot more upside than downside. I hope ATAC management shows the new potential investors what a bargain they are getting by buying ATAC stock. There are a lot of new investors that will want to buy a $.09 stock that shows a lot of resource in the ground.. Keep the faith.