RE:The share price versus the price of goldFinally some movement today. Likely anticipation of Goldlund results which are overdue. I think Dan used the word “imminent” during his presentation in Colorado a week and half ago when explaining when the drill results will be made available.
It’s still hard to comprehend that when Springpole belonged to Gold Canyon, that project alone was worth over $4/ SHARE. The original PEA was nowhere close to as good as the updated one will likely look like.
Insiders have bought steadily all the way up and all the way down with little to no selling. Keith’s average purchase price is well above 0.50 I believe as I remember him buying millions in the 0.50-0.80 range.
This board is super quiet, let’s get some thoughts and analysis going here.
GLTA
materialsgirl wrote: Really bad results have been coming in from low grade ore bodies.
The poster child may be New Gold.
We have $1,500 gold now and only a 26 cent share price for FF
The reason is.
More and more investors are realizing that "resources" are a bad place to invest
and this is especially true for early stage low grade properties.
If this was 2012 FF would get offers for $3 a share and then the buyer would later lose
its shirt so to speak.
We would now need about $2,200 gold to get us much over a dollar.
Mining has underperformed for decades. It will continue to do so for decades.
into the future. Excessive production drives down prices
mat