OTCPK:NOXOF - Post by User
Comment by
MrMonkon Dec 05, 2015 11:29am
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Post# 24357519
RE:RE:RE:Gold's Artificial Lows...
RE:RE:RE:Gold's Artificial Lows...Don't be concerned with the silence. Timing of news is very important. Gold is at a secular low at the moment, so releasing good news will fall on deaf ears. All the recent futures short-selling will spark short covering (buying) and the price of bullion should start to recover. That might be a better time to release news. We're waiting for an updated resource estimate, and then a PEA announcement in Q1-2016.
Also remember that there are strong (and smart) hands involved here - OSK Royalties is now firmly in the driver's seat. Let's be patient and let them do their thing. The rewards will come. Selling ore to the Canadian Malarctic mine in the next 12 or so months - and with a higher gold price - should be worth a triple from these levels. If we wait a little longer and go into production, we could see a 5 or 10 bagger from these levels. Either scenario will work for me.
-- MM