RE: Acutally Romania is not thati think that bottom would be at 50 cents as they will have about 100 million dollars in cash free of liabilities on houses construction, property leases etc
i think that market will be given a (very) low probability (such as 10%) to get the permit by the end of the decade so a 50 cents could be given more of the cash value
i think SP will be in the next weeks months around 1 dollar
therefore i really think as northgate minerals (who were f u c k e d up by native) they MUST use their cash to diversify their assets and quick in my opinion before they will be able to get nothing with rising gold prices...
as already saw they will drop expenses as the minimum required and so I hope that they will come back to canada or quebec and get some interesting property...otherwise I do not see bright future for gbu in the coming years