How high can the POG go. Starting to look like the long awaited and much anticipated rise in gold has started. While the POG in USD has seen a nice rise over the past 3 years, up around 24 percent, my favourite mining country for gold is Brazil. Mining friendly government, labour costs around a third of places like Australia and very much under explored tenements. Over the past 3 years the POG gold has jumped 90 percent in Brazilian Real.
I am on the lookout for up and coming mining companies with projects in Brazil.. Have been following a few METEORIC RESOURCES for one. The problem with most is they are a long way from producing any gold and will be an ongoing drain on investors for who knows how long. I have heard of one that looks like coming to market in a few months that is already in production and has some incredible grades. Has anyone else heard anything? Will post more information it I can get some..