RE:RE:valuefirst the oil price has dropped from $120 to $90. both marmato and segovia are connected to the country's electric power grid which reduces its energy cost when oil is high, and colomb peso is near record lows which reduces costs like local labor.
a lot of the rise in oil is because of russia sanctions. if russia withdraws, russia and iran can quickly flood the world with oil, during a time when countries are entering recession. last time, oil price went negative. big swings in price can occur very quickly.
second when the price of gold was $2000 and rising, many expected it to continue to do so. it did not continue to do so. expectations and trends don't always continue in one direction. when it is overbought it stops going up, and when it is oversold, it stops going down. a lot of times it goes in 3 or 4 month cycles, when it gets tired going in one direction, it goes the opposite direction, often because of hedge funds getting in and out. why weren't you telling people to sell when gold was high at $2000, but instead telling people to sell after it has dropped $300? the goal is to buy low sell high, not buy high sell low.
third gcm produces more than 200k. this aug. they just expanded production plant from 1500tpd to 2000tpd. by end of year marmato upper level expands to 40k+. combined aris/gcm around 270k soon. a year and a bit later, in 2024 both marmato and toro starts production giving 600k oz/yr. that is huge production for a tiny market cap.
according to the lassonde curve, fully funded construction time is when the share price goes from lows to highs.
https://kuchling.com/wp-content/uploads/Lassonde-Curve-V2-1024x768.png Stratocheif wrote: It's not complicated. First, we are at the beginning of an inflationary cycle that could get worse so operating costs are rising and expected to continue to do so. Second, the price of gold is falling and is expected to continue to do so. Third, gcm doesn't produce 800k. It produces 200k