A Brief Return
Thought I'd drop in and post a few thoughts and observations, focusing mostly on the big picture.
First, most all posters here have several things in common; we all feel gold, silver and copper are cornerstones to any economy. More importantly, we all feel that the properties in the Golden Triangle will one day become a major area play. Declining metals prices have crushed many stocks in the gold group, many of high quality, including big producers. I don't have to list them chapter and verse but clearly many investors are throwing out the babies with the bathwater not only in GT stocks but companies mining and exploring all over the globe. Many down 50 percent and more, much more.
The gold price was $273 an ounce in 2003; today, of course, it's $1243, up multiples of that price. But the inflation rate has been somewhere around 35 percent since then (I'm using approximations.) To my way of thinking, it's possible that the gold price is not "crashing;" it simply got a bit ahead of itself.
Today's news that PVG has a bulk sample of about 4200 ounces of gold is mind blowing! I keep checking my calculator to see if I've misplaced a zero or something but it keeps translating to about FIVE BILLION DOLLARS! And that's just a bulk sample. I realize that there will be a production cost attached but that's a nice pile of dough and it does add some sizzle to our High property's prospects. Anything that adds value and/or cash to PVG's coffers is a positive for TUO and ALL Golden Triangle companies in the long run.
Again, in this market, who knows; it's clearly going to be a waiting game but remember, our share price was much higher when gold was in the hundreds!!! And having a project so close to PVG's bonanza at least "getting to first base."
The reasons I've stopped posting are obvious. Who needs the "You're gonna lose" "No, you're gonna lose" "No, you're gonna lose" posts? Obviously things are different in Canada than down here in the States; the wheels of justice grind at a different speed. So be it. I'll pass on the name calling.
I wish all good luck.