Gold is Having a Really Good Run! The strength in the precious metal sector is reflecting a fundamental weakness in the US dollar.
Even though the Fed has stated that they may not yet be done with interest rate raises, some market players believe that they are finished until stability in the financial sector becomes more certain. And while they are on pause, we may some better indications that inflation is easing!
That might also help avoid a painful recession!
Now that the banking sector has shown considerable weakness and since the potential contagion that might be found infecting other similar institutions remains uncertain, the market seems less certain to believe that the Fed will continue to raise.
So this move in precious metals may now be, a longer lasting event. American debt is huge!
It will be interesting to see if Rockcliff Metals is able to do any significant evaluation of the gold potential in their Sail property.
Certainly, the rise of gold and silver in price, also seems to make the precious metal content of the company's CuEq grades, a lot more valuable!
Base metals do also have significant present day value and offer plenty of potential upside in price in the future.
The Sail property has some historical evidence for some quantity of low grade ore. The exact amount remains to be determined.
But if sufficient gold is found in some abundance, then Kinross Gold may also show some keener interest in this property, just as they have in the past with other Rockcliff properties!
But it would be better for Rockcliff to get a better handle on the value of this property before considering it for sale, at too cheap a price!
Desperation is not the best reason for the sale of an explorer's property.
If this was the case, then obviously Rockcliff Metals would have already been sold and the retail crowd who own their shares would be most satisfied, by this time!
This has not yet happened. But it could, at any time!
It seems quite clear that company insiders are not yet satisfied with any offer that may have been tendered, recently to them!
Or are they already in some better discussions, at this time?
Maybe a better offer, may be arriving, just around the corner?
Management has been strangely quiet recently!
Some good surprises are most welcome, even at what seems to be, the worst of times!
Rockcliff Metals, we are waiting! Please surprise us!
All the best! Java