OTCPK:GDMRF - Post by User
Comment by
louelon Aug 28, 2017 11:14am
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Post# 26628064
RE:news out tonight
RE:news out tonightNews comming out lately that's good. Zimitu holds a few million shares. They may try to pump it then offload. There is no dividend so the only benifit will be from selling on a price rise.
Or if Kinross decides to move in. K's Mt Atwood drilling is close, just south of the greenwood mill Perhaps closer than the MayMac
December Gold contracts highs are $1303. Not much different than present pricing. They do have a miniscule copper content in the assays. which would be a side product. And copper has been rising steadily with 90 day futures at $3.10
Counteracting that is the Canadian Dollar is rising against the US Eroding the return on these metals in canadian dollar terms, While labor, transportation and other costs remain constant. Kind of a double edged sword. On one hand a higher Can. $ increases buying power for the consumer, but hinders exports.
50% of BC's GDP and a significant portion of the other provinced, stems directly or indirectly from the forest industry. A higher dollar equalizes cross border pricing resulting in less tarriffs for the #1 industry. Just not an advantage for mining.