Post by
metalhead666 on Dec 20, 2021 8:05am
Great set up for gold....
Totally washed out sector, hated, ignored,miners at 52 week lows as Omicron puches the economy in the face, Bidens build back better bill goes up in flames, Goldman lowers GDP estimate etc etc....only a matter of time before sentiment shifts, gold and miners become the next hot sector and the FED has to back off yet again sending precious metals soaring. Add the prospect of a takeover and a ridiculously low value for 5 million ounces in the ground and an imminent PFS showing a robust project....yes'm....we're ready to rumble
Comment by
metalhead666 on Dec 20, 2021 12:33pm
I'd add too that the longer this sits at a ridiculously low price of $2 US the more likely a major makes an offer. They are highly unlikely to get this low a price come the new year. While I'd have a 50% win if someone bid $3 I hope it doesn't happen....I want $6 or better and that would simply be fair value for ounces in the ground