All this Sinclair talkhas NOTHING to do with TRE. Gold mining companies have been decimated yet again and for good reason; hardly anyone is making money at these gold prices. Last time I checked, TRE is (theoretically) in the business of producing gold. They're subject to the same pressures as everyone else in the industry. It doesn't matter one bit how much gold you have in the ground if you can't build a mine and produce the gold economically. Look at International Tower Hill. How many millions of ounces of gold do they have yet the project is worth zero.
TRE has very little cash left, no mines, no projects with feasibility studies and the economic work that has been done shows that what they do have is worthless at $1,300 gold. And it's not like they have a giant resource either; if you take the market value of the company and divide by the number of ounces in all categories of the resouce, TRE is is one of the most expensive in the entire mining universe. It's wildly expensive on any metric one could conjur up.
Sinclair may be the greatest gold strategist ever but how does that make TRE a buy? If gold is going up, wouldn't it make sense to buy a gold mining company that actual stands a chance of making money from selling gold?