GREY:NEVDQ - Post by User
Comment by
bogfiton Jul 14, 2022 11:34am
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Post# 34824251
RE:RE:What are Pumpkin Hollows billlions of Cu worth today?
RE:RE:What are Pumpkin Hollows billlions of Cu worth today?" want an attribution?"
Yeah, make it Mining Investment 101. Now just being a simple o' desert rat I kinda have to keep things the same. And as a precious metal contrarian swing-trader for the last 20 years I’ve been focused upon macro currency relationship and not on supply/demand market influences such as we find in basic materials.
From such a perspective, the folly of pricing metal producers according to present spot is quite evident. I don’t intend or need to sell tomorrow for a profit – next week will be just fine. Or next month as well although my philosophy of agility in stressed markets becomes threatened much later. Exploration companies without a bankable feasibility study are considered long-term speculations and are rarely tradable due to low float.
For the near-term I can say this: Things will be better than feared if China steadies itself, or much worse if a debt contagion takes place. All things said and done as uncertainty rises, so do safe haven like gold.
b.