$ .50 - $50.00also at v.sk
Could we get a resource calc. anytime soon? Even "inferred" from the previous drilling over the years? Sure would be nice during the run up predicted below....
Entire article here:
https://www.kitco.com/ind/Hommelberg/jan222007.html
-Recent correction remains a small correction compared to what happened in May 2006.
-Gold can resume its up-trend as soon as it breaks the recent down-trend to the upside.
-A price objective of $685 is in the cards.
OK you’ll say, but what about the gold stocks then? They have been lagging the price of gold lately, what can we expect from the HUI coming months?
Well, good question, as mentioned earlier many investors have dumped their gold shares because of fear, fear for the end of the commodity bull fueled by many bearish analyst reports.
To begin with, the gold shares do track the price of gold, when gold rises so will the gold shares. It’s simple, when gold goes up, the company’s net-value will rise due to an increase of valuation of its proven gold reserves. That’s why Durban Deep sky-rocketed from 50 cents to $50 in the late seventies just because of exploding gold-prices.
Now some analysts do challenge the gold/HUI relation ship but all I can say is they are flat wrong. Even a chimpanzee could see the strong correlation between gold and its shares on the chart below: