RE:Gold has dropped to $1219.00 ! I have to wonder !!
TMM raised some money at about $1.50. This changes the value as there is much less chance of bankruptcy or a disastrous form of dilution to raise money. If the price of gold were to stay in this range for years I would consider TMM overpriced at around $1.60. Most of us who are in the gold sector are expecting the price of gold to go back up. I am looking for the price of gold to be in the range of $1450-1500 within the next year. That would put the price of TMM in the range of $2.50-3.00. Bob