It's not the bus you see that mows you down....It's the one you didn't see.
TLG could have a billion low grade ounces IN THE GROUND....makes zero difference as a miner is valued by what they can economically recover not what lies between the surface and the center of the Earth.
As of today no one knows what that might be. The FS sheds light on it but as you're all aware, your CEO hasn't a clue when said FS will be made public.
You can choose to blindly "believe" that it's all for the good and glory but if his word hasn't been reliable in the past you're a fool to trust it now.
Inflation is going to come roaring back. The US will owe 1.5 TRILLION in interest alone by year end. They will continue to borrow until no one will buy their paper. The casino called the "stock market" will puke blood when it's revealed that the Emperor has no clothes and in case you hadn't noticed TLG is a ticker symbol for a stock.
Might gold soar in the looming next financial crisis? Possibly but history tells a different tale. When there's a rush for the exit everything gets sold that can be sold. Ask your margin clerk how that works if you doubt me.
And when no one is willing to fund the deranged US government bond yields will go up like a crypto currency.....GL trying to finance a BILLION $ gold mine then.
These chat boards are echo chambers where most people hear what they want to hear and disregard risks.
Disregard debt if you will, Ignore if you want the hot wars, the border crisis, the election between pathetic con men, bubbles, warnings from Buffett and Dalio, pitiful savings rates, inflation, trade wars, social breakdown, zero day expiration options, gambling of every kind, dwindling civility, christian nationalism, demographics....etc etc
Just focus on ounces in the ground and glory....see how that works out for you being all in on the most illiquid speculative stuff you can find. Give me a 100 thumbs down and cheer on the cheer leaders!
We'll see who's right soon enough.