Licking our lips.Our stock is down over 50% from 6 months ago, but by itself this means absolutely nothing. The thing to decide is: is the stock a lost cause or is this just a great buying opportunity. Well for one thing, almost all mining stocks are way down. But now gold is climbing again, and not just short term. Look at the 10 year gold chart from earlier in the day when it was $907/oz
The chart will give you a true feeling of where gold is going. And then realize that gold went on to finish the day at $913/oz Copper is also climbing. Look at the gold chart and you will see that gold is going to blast its way through $1,000/oz. That will get peoples attention. And also realize that the previous gold bull market high of $850/oz in 1980, in todays dollars is well over $2,000/oz. And the gold fundamentals are even stronger this time around. So the price of gold has a long way yet to go, and as it climbs to possibly well over $2,000/oz, people are going to fighting over the gold (and copper) producing mining companies. When people look back at this price they will say, gee I wish I had known about that stock when it was at such a low price. Well we know about that price and its back up the truck time.
https://www.kitco.com/charts/popup/au3650nyb.html