OTCQX:NTGSF - Post by User
Comment by
stanjson Apr 01, 2021 10:22pm
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Post# 32926002
RE:Cyclical turning point for gold, set to break USD2000/oz
RE:Cyclical turning point for gold, set to break USD2000/ozRegarding production, as Sheriff has mentioned in the past, all construction needs to be done in one season (summer is best). FS and financing still not done yet in Q12021, so this year is definitely out of the picture. 2022 is mine construction, and 2023 will be full production.
What would be the price of gold/oz at that time? $2000, $2400? Then what will GPY be worth? Share dilution will be necessary but hey if the price of gold skyrockets, share dilution is minimsed by higher share price, SO LONG AS YOU DON'T SELL YOUR SHARES below 0.40. For me it is at least 0.50 or higher (the valuation based on analyst report).