The gold standard The gold standard
Since this sub likes numbers. 3.4 billion dollars. Fully diluted shares of 239 million. $14.25 a share.
10 million gold, 20 million silver, mine is in a stable location. Going into production next quarter. Profitable in 3 years. Large insider position. Investors waiting to be acquired at a healthy premium.
This is what I mean by the end.
This is not Laurion (yet). This is Artemis Gold. They are a Tier One in my opinion. They have one project. The rise in the price of gold price is adding momentum to a good story.
The supercycle
Commodities have cyclical patterns of growth. We have seen gold rise from $1600 to $2700. There is no doubt we are in a gold super cycle. How high it goes, how long it lasts and where it lands depends on your favourite soothsayer.
In the mining industry, this is a time of acquisitions and premiums, but gold stocks across the large miners are undervalued by the market. The tier ones are expensive and a company like Barrick doesn’t have enough cash on hand to buy Equinox or Artemis. They will have to issue shares or pay with debt. I think the market has been pushing Barrick higher, and after earnings things should get fun.
Before this sub gets crazy when these properties go for $600/ounce, let’s consider the time, money and luck between Laurion and any of them. If you are still in, you are a long. That is what I am.
Ultimately it’s up to Cynthia to call it. You never argue a win. But I suspect Cynthia is a Laurion long as well, and even if we exit early, I hope she’s involved in the end.