RE:RE:what's the problem with Freewest ?Atomek, you are talking about something else.
And I dont want to get to much into this but the landscape for gold is totally
different than 15 or 20 years ago.
In HK with my own eyes, we are seing people in line buying gold. Why do you think ?
Well , 99.9999% of Chinese dont put their confidence in the paper money like we do
in the Western world. The renminbi (yuan) is burning their pockets; the faster they can
buy real assets the better they feel. The world is different than 20 y ago.
I am repeating myself; most gold miners were building gold reseves
not really taking into account the real cash cost of extracting those gold ounces;
...the bigger the reserves the highest the valuation...
Most of those gold miners are mining gold at a small profit, at break even or at a loss.
Mining gold is about making money and getting richer.
We are going back to time where the value was created by mining gold at a much lower
costs than the spot price.
What if Tomagold can achieve a $300/$400 per ounce cash cost.
They will make huge profits even if gold spot falls at $800/$900 level.
At those price levels most gold miners would shut down their biggest mines
and that would consequently decrease gold supply. (and supportive of price)
That's why I think this company is going to draw a LOT of attention
in the next year.