PINL:VLTAF - Post by User
Comment by
Bpultraon Aug 31, 2013 1:20pm
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Post# 21711667
RE:can someone
RE:can someone tell me why a stock like this that has 6 mill oz of gold and 2 bill pounds 0f copper is trading at this price when a stock like roxgold updated their gold find to 800000 thosand and are in the same
area is trading at .70
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well this is what the market is thinking... you can have a cazillion oz in the ground.. but if the cost to get it out of the ground is more than the current price of gold... and you have $20 mill in the bank and you need $400 mill .. then the market says all that yellow stuff in the ground is worth 20 cents..these are not like the old days.. you hit a couple nice drill holes and the SP would move 50 cents... no more days like that.. IMO