whaddaya think Roubini says gold to 1000. Who knows. One thing it seems to me though. I just don't see a 10-20 year slump in gold like was the case a couple decades ago. There's just too much volatility.
While a long-term slump seems unlikely to me, I wouldn't count out that prices might drop further in the current slump before having another runup. On the other hand, that may not be a totally bad thing. For a gold miner in production, it's a pain in the butt to have to keep shelling out the monthly payroll and fuel costs and whatnot if the revenue isn't able to pay those bills. But for an explorer, a downturn in price may mean that you have to cool your jets, and that could be a good thing if you were planning to try to go into production at 1400 per ounce when you really should bide your time and wait till gold is in the 2000s. And at current prices of stocks like Eastmain, would the stock even necessarily get hammered a lot more if gold went down to 1000 considering that the stock is already lower than it was at the bottom of the depression of 2008?
Anyway, all this leads me to not be too concerned about holding Eastmain stock right now. If we run into the dilution scenario down the road, that would be the main thing that would concern me. But my guess is that at that time one would be able to exit without losing much relative to where the stock is right now.