B2Gold Corp T.BTO

Alternate Symbol(s): BTG

Metals & Mining Gold

B2Gold Corp. is an international gold producer. The Company has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. The Company also owns the Gramalote Project in Colombia. It also has an interest in the Back River Gold District, which is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is engaged in operating Goose Project, which is located in Nunavut, Canada.

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B2Gold Corp

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Comment by SmokinWillieon Dec 17, 2016 2:24pm

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Post# 25614677

RE:Price Target for Gold is $1000 and Under in 2017!!

Gollum, there is a reason you are only rated at 1/2 star or maybe even less..

First you say " Since gold's demand is covered by paper the possibility of it reaching a supply deficit is never! "

Secondly you say "Markets can mask the inevitable for a bit, but longer term the price discovery relates to actual physical supply and demand."

You can't have it both ways. Demand can not be covered by paper, when price relates to actual physical supply and demand.

Paper or physical, make your bet!!! I'm betting physical demand will soar when the overpriced stock markets roll over as interest rates rise. If you paid attention, the Fed is starting to raise interest rates now...

Gollum2016 wrote:
First off it's quite obvious many gold bulls are going to get burned in the next few months and those who hold low grade gold deposits with no byproducts are doomed - no ifs and buts about it! Supply and demand are the only mechanisms for true price discovery in markets! Since gold's demand is covered by paper the possibility of it reaching a supply deficit is never! The only way that would change is if it was used up as industrial metals are - nope not going to happen! And as a result annual global gold production can decrease by half and it wouldn't make a difference in the price since the demand can be covered by paper. Smart investors are dumping the dime a dozen million oz gold plays for much larger deposits that also contain copper, silver, zinc, etc, or just bailing out of the sector altogether. Markets can mask the inevitable for a bit, but longer term the price discovery relates to actual physical supply and demand. Be it either a supply glut as oil has been in for the last 4 years or a supply deficit as zinc has been in for approx 5 years. Interestingly silver has been in a supply deficit the last 4 years with absolutely no possibility of filling that physical demand unless much higher prices occur - should be interesting 2 years down the road. Anyways the Comex is the price fixer for gold and will be for some time so don't expect them to give up the reigns any time soon. And besides the reasons to own gold are mostly fear based towards economic uncertainty and one's own currency, both of which are continually being improved upon by a U.S. Dollar bull run and improving economic numbers - don't let the gold propagandists leave you as bagholders!

Long term trend is very bullish for the U.S. dollar and bearish for gold until 2019