RE:Where Does All of This Settle OutGold is now at $1609 usd. There are lots of large buyers at the current price of $7.30 usd.
PrudentInvestor wrote: PVG is in the process of settling out. Those that want or need to sell are selling. Remember for each sell there is a buy. At CAD$9.6 US$7.3 this is a buy ... why ? Because PVG had some serious negatives BUT it remains a cash generating machine, at $1,600 per ounce there are plenty of reserves to produce 350,000 per year for at least 10 to 14 years. Also, there are usually more ounces found as drilling continues. At CAD$14 PVG was at best a hold at these prices its at worst a hold and at best a BUY. Is it risky yes can you potentially make a ton of money yes.