OTCPK:CTNXF - Post by User
Post by
NiN777on Oct 21, 2020 1:06pm
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Post# 31755608
Just let it run gold assets are too expensive
Just let it run gold assets are too expensiveSenior miners are becoming more careful with their mines and they let the junior miners bear the brunt of the environmental permitting. I'm not holding my breath, opportunity cost is perfectly acceptable for me given the volatility of the market.
This has to be the most mispriced asset in the market right now, when everybody realize it, it will be too late to buy, I think today's sell-off is someone taking some profit off the table and given the low liquidity it crashes the price.
Just watch Barrick going for the pounce if BHP doesn't move. Newcrest should also move on Cornerstone fast while they can, they have the money from their recent equity sale and they could offer equity since they have a Toronto listing.
Anyways Osisko had a good deposit and they had to build the mine before GoldCorpse and Agnico-Yamana battled it out.