High River Gold Mines Ltd HRIVF

RE; John Helmer article

[missouriminer]

I realized that severstal had extensive debt, I did not know it would be called so soon, and so close togeather. The article hit on a key point, that severstal may have to sell its shares. The article explains that if anyone wants to buy the shares they would have to buy all of severstals gold bearing interest, some of which are overvalued. Although I do not know how overvalued they are, I do know how undervalued hrg is. WAY UNDERVALUED!  So it may turn out that even with the overvalued gold holdings, when they crunch the numbers they may very well turn out in the black. Lets not forget that we are in a gold bull run, what was overvalued then, maybe even overvalued now could very well be quite undervalued in the very near future. Which brings up another important point, all I keep reading about is the mania stage that will kick in with mining stocks when gold blows through $1000 an oz.   I agree, however if the choice is gold rocketing past $1000, then falling back sharply,  or watching gold hold at a consolidated level above $900 for an extended period of time. To me it seems that if folks see these miners posting record profits month after month for extended periods of time sooner than later it will have close to the same effect as gold rocketing past $1000, then falling sharply as the bubble burst. It is my hope that we will have a combination of the two, gold rockets past $1000 and stays for a while. Just to set the record straight, In my humble opinion gold will end up at a high of around $1500 ozs.  STAY UNITED, ALL FOR ONE, ONE FOR ALL