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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Post by geodcanon Aug 02, 2020 3:37pm
271 Views
Post# 31355919

What has got its shine on

What has got its shine onGold has a little sparkle but nothing like it is going to get.  Pretium was launched in the worst of times for gold mines and it was built in record time because of the ore grade.  It took a lot of believers in this property to raise that kind of dough in a down market.  Pretium has been played with by market makers, bankers, brokers and deep pocket money but is still a viable business.  Airlines, cruise ships, Hotels, Resorts and a ton of other blue chip businesses have been gutted because of Coronavirus.  I like the rush stocks, gold and green but there are other highly potential profit businesses working on virus detection and a cure for this and all of the rest of the mutated viruses that we know are going to happen.  The cost of protecting Pretium workers to remain operational is going up and that protection is critical.  Good news is that the price of Diesel is way down and that is about 50% of the costs of production.  Gold is really going to shine when the wheels of the Big Blue companies start to fall off to the point that the bus quits moving.  Only one thing left for whatever government is in power is devaluation of the currency.  Gold bars or gold in the ground is going to do well.  Might explain massive buying or real gold, world currency, accepted everywhere and doesn't move in lockstep with the US greenback.  I like the big potpreneurs too but do your due diligence because most of them don't stand a chance.  glta and dyodd
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