RE:RE:NRG LV2 HOLD ON TIGHT TIGHT YOUR SHARES WHERE A HELMET$$Thanks for your efforts Vestor. The upcoming drill campaign should attract the interest of not only strategic investors like ES but also the majors who are making some serious dollars from their Nevada operations. According to Brent Cook a well run open pit mine in Nevada with medium grade costs around $800/oz for production. Loads of profit there with a very healthy margin so majors are on the lookout for the next big mine.
Also in our favor should be the rising price of gold which should be breaking out of the correction pattern very shortly. Every $100 dollar increase goes straight to the miner's bottom line as the costs are fixed. We already have the begining of some serious activity in mergers and acquisitions and this will accelerate next year.
I would expect the share price to move into the twenties even before the drill campaign starts. Once we start drilling especially at Good Hope we should head into the thirties fairly quickly. When we get results we will see the likes of Eric Sprott and the majors jockeying for position and that is when the serious money will have to be raised to do a full drill program to produce a resource. This could easily turn into the GBR of 2020 and I hope Mr Sprott doesn't miss the boat on this one.