GREY:GPLDF - Post by User
Comment by
GPRFANon Nov 14, 2010 2:21pm
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Post# 17704405
RE: Interview Between James Turk & David Morgan
RE: Interview Between James Turk & David MorganExciting Interview. Thanks for posting it. Of course it all comes down to the following excerpt.
"James Turk: "Well, my long term view is that by 2013 to 2015 gold is going to be 8,000 $/ounce and if you accept that, as I do, that the ratio is going to fall and go below 20, even if you take the ratio of 20, 8,000 dollar gold means 400 dollar silver. I think that is a very reasonable target."
Now I don't know if silver is headed to $400. or not but I it is highly probable that it will be worth multiples of the current $27. and that makes GPR the most undervalued play going right now. It is producing and it is drilling and perhaps most importantly, it continues to find more silver than it can currently mine per year which means its resources are not being depleted. I really am looking forward to the next resource estimates which are due sometime before end of November.