Unigold Inc V.UGD

Looks like mostly upside to me

[Tree2tree]

- The NPV of the small oxide project is roughly equal to the current market cap.
- So the majority of the resource is given no value.
- The resource increases every time they drill.

Can anybody explain a reason for the drop since August?  This seems due for a rerating.

[goldanalyst]

agreed..nothing company specific however the sentiment for gold stocks is at perhaps at an all time low....In all my years of investing I have not seen the market so negative about the gold space.....what makes it all the more strange is that gold is pressing against $1800 an ounce once again.....great price....Perhaps in the day where bitcoin enthusiasts have made 3000% in a year $1800 gold might

[palfryville]

I think it has more to do with the DR and permitting these days.  Au stocks are doing alright.  DR Au stocks not so much.  Perhaps this update sparks something, but until there is some clarity on the gov't end our boots are stuck in mud I think...