RE:GoldAccording to a lot of gold analysts I hve been watching, the price of Gold will continue in a bullish trend upwards.
I assumed that the valuation of any discovery will go up dollar for dollar for any increase in the price of Gold..
So if we understand that a tier one discovery, similar to the Homestake ledge 9, would be worth $100US/ oz when gold was at say $1550. Then when gold is at $1600./oz the deposit valuation should be $150/oz .
I sure would like to have a confirmation on that assumption