GREY:HRIVF - Post by User
Comment by
Olderwisernowon Dec 11, 2008 9:12am
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Post# 15639644
RE: Half Empty Half Full
RE: Half Empty Half FullPower, as per usual we are in basic agreement. One thing worth a mention is the fact that right now, in Canadian dollars, and HRG still reports as a Canadian company in Canadian dollars, the price of gold is around $1025 Canadian per ounce. Not far off its highs and silver is around $13 per ounce in Canadian funds. With costs moving down, this should have an impact. IMO The price now is very low, as you say, and I agree with the possibilities moving forward. It is interesting, no matter how long you are involved in markets, how psychological they are, in terms of "Valuation". You could not get some to now invest here at this price range, while by their own admission they were willing to invest at $3.50. Not sure how they view a bargain. Of course nothing is for sure, no guarantee of anything, BUT, the odds here, the value in comparison, staggering, really.IMO