Post by
Patinstinct on Feb 04, 2024 8:36am
$1981 average selling price per oz in the 4th quarter.
The 4th quarter was difficult, but i don't think it's catastrophic like the short sellers trying to make us believe... Moreover the price of gold as held up really well since the start of the year. If Cerrado turns the corner as they seem to have done, after the headwinds, they coul'd well have the wind in their sails.
Regardless, the Sp cannot remain so low with the probable obtaining of the Mdc installation license in coming weeks, Really very risky for the short sellers...
Comment by
baystock1 on Feb 04, 2024 5:33pm
IMO Cerrado should not seriously entertain proceeding with MDC contruction until all 3 of the following things are in place: -MDC license -UKEP financing -MDN mine in Argentina has turned around in a sustainable way The third item alone can provide a rerating of SP to a 10+ bagger from the current price if currency exchange controls are removed by the end of 2024 as the IMF is predicting.