Post by
stanjs on Apr 01, 2021 10:14pm
Cyclical turning point for gold, set to break USD2000/oz
For a heap leach project 1g/t, gold at $1800/oz onwards is going to be wildly profitable.
Eric Sprott bought GPY shares at 0.30 to 0.42c in 2019 (https://www.goldenpredator.com/_resources/news/nr_20190705.pdf)
We know the banksters have manipulated the gold price using futures market down to $1700/oz for past EIGHT LONG MONTHS, and it is not conducive to the economics of Brewery Creek mine. So the delay in release of FS is actually working in our favour because it avoided this bear market.
What you can do as GPY stockholders is stop selling out and force any new buyers to buy at much higher price, > 0.40!
Comment by
Freezerburn on Apr 04, 2021 12:14pm
Sooo... That's the plan? Take as long as possible? Well they're certainly sticking to the plan then.
Comment by
stanjs on Apr 05, 2021 10:49am
dilute shares at gold 1700/oz, or at 2000/oz? Think about it. Now is not a good time to raise money and dilute shares when gold is undervalued.
Comment by
Freezerburn on Apr 05, 2021 11:38am
They raised money prior to the last rally and did nothing. They raised before that and did nothing. Now it's more difficult to raise money because they do nothing.