GREY:TWNNF - Post by User
Comment by
dogwagon Jul 18, 2011 8:22pm
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Post# 18844757
RE: RE: RE: Re: Gold in the Ground
RE: RE: RE: Re: Gold in the GroundBARN,I agree with you that the POGIG is too cheap but I am wondering if the big companies are the ones setting the price.A few years ago when there was a lot of
M@A happening the POGIG was about $100 depending on the mine situation and how close they were to having enough ounces to become a mine but now the industry norm is between $65 and $75 in ground and that does not reflect the current gold price.It will only get higher when more and more projects are starting to become rarer and rarer and then the majors will have to pay more for them and the POGIG should rise.It is very low at present and the majors like it like that.The JUNIORS always get screwwed.The same as in real life,the little guy gets screwwed.We must buy our shares on the open market but the big boys have already secured their positions in large and at a much lower price(Sprott and other banks)in lieu of them backing the stock and getting us little clients to buy more at higher prices as they are selling.No risk to them but lots of risk to the little guy.And that is the reality of the market.