RE:RE:RE:RE:At this moment...Nope...I'm correct. The NPV of Marathon is 600 million...the market cap with this latest rally is getting close. It's no longer a steal and an argument could be made that it's close to fair value. The permit will be good news, the feasibility study will be a good read but don't forget how much dilution is coming.
Inflation is entrenched and the FED is going to keep stomping on the economy's neck driving rates and the dollar higher....both bad for gold. Gold rallied on "hope" of a "Powell pivot" which isn't coming yet.
Gold is at risk of another leg lower and I wouldn't be surprised if the miners all hit new 52 week lows as the markets slump and gold dumps one more time
There's always another bus....I had an excellent couple of past weeks after having good success shorting the market through May and June....time to regroup, re-think and wait for clear cheap entries.
I'd rather own Skeena and Artemis here as they remain cheap. Love the MOZ project but I'll love it more when it's back to $1