RE:RE:RE:$1782the risk is the CAD strengthens significantly then US $1200 gold aint gonna cut it thats the bear scenario for risk adverse speculators.
but I mean it all comes down to market sentiment, if the market believed 100% these gold prices are here to stay SPA would be much higher but as you can see markets are waking up.
spa has underperformed because it has poor economics at under $1500 CAD gold price.
this was a market that believed gold was headed to $800 an ounce 6 months ago!