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Otso Gold Corp. V.OTSO

Otso Gold Corp is a gold mining company. The company's only segment being acquisition and exploration of gold resource properties. Geographically, it has a presence in the Americas and Europe.


TSXV:OTSO - Post by User

Post by blackgold14on Jul 14, 2021 9:49pm
205 Views
Post# 33547465

Breakout As Production Commences, Upswing in Gold Would Help

Breakout As Production Commences, Upswing in Gold Would HelpUpswing in the price of gold recently should help bolster further a breakout once the company announces that production. The company has plenty of money, now execution is key.  The higher than anticipated grades in the recent round of drilling will just make the economics better than expected.  A 100,000 ounce per year producer with an average cost of $1,000 per ounce is well within reach.  Massive profits are possible if all goes as anticipated.  It will be interesting to see whether production commences before the end of September 2021.  If it does, the stock will make a major breakout to the 15-20 cent range. If it doesn't, then the stock will crater at least until production actually commences.  The market has no patience for companies that don't deliver.  Management, right after the money was raised, re-affirmed a Q3 - 2021 production startup date.  If it delivers, it'll be great for the company and its long suffering shareholders.  While the FED and their clan of master manipulators say that inflation is transitory and therefore not a big concern, investors need to be reminded that the FED in the 1970s said the same thing - yes lying to the public - these deceivers cannot be trusted.  What you can trust is your eyes.  The cost of everything has skyrocked so far this year.  Inflation is real and is going become a big problem going forward.  All that money printing is going to devalue currencies worldwide, not just the US.  We all know that gold should be trading at a multiple of what it is currently at.  The gang of firms manipulating the price downward won't be able to continue indefinitely.  So the price of gold will continue to climb higher even with the efforts to suppress it.  This bodes well for emerging gold producers like Otso.  A major upswing in the price of gold could take gold stocks to levels that are hard to imagine.  A $2-3 price would be possible if gold hit $2500-$3000.  I've experienced such markets in the four decades I've invested in Canadian stocks.  Let's hope !  Even if the price stays within the current 1750-1850 range for the next two years, the share price will rock once the market sees progress and massive profits.  But 2 years from now, barring any more dilutive financings, we should be over 50 cents a share if gold stays within the current range.
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