RE:RE:RE:RE:RE:RE:RE:RE:RE:gold sector
stephangold wrote:
mega Can you tell me how The lacern curve applies to snow line
So I would say that Snowline is at the beginning of the discovery phase (see link below) of the Lassonde Curve which usually sees the greatest amount of appreciation for the share price. The project has been greatly de-risked now that they have 8 or 9 really good drill intersections with awesome assay results. Now in Snowline's case I would say the discovery phase will drag on awhile since they won't be drilling during the winter months. The gold sector is so beaten up right now that it's difficult to know when it will bounce back.
Most investors are just now starting to understand the significance of the size and value of this discovery. In my opinion Snowline will be valued much much higher in a year from now if not sooner. The terrible market sentiment in the gold sector right now is causing a muted reaction from the market towards SGD. The share price should be much higher given the incredible drill results to date. All in my humble opinion and of course my opinion doesn't count just the market's opinion. Lol
- Discovery
Discovery is the reward stage for early speculators. Exploration has revealed that there is a significant amount of material to be mined, and it warrants further study to prove that mining would be feasible. Most speculators exit here, as the next stage creates a new set of risks, such as profitability, construction, and financing.
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/