Post by
Chizkiyahu on Apr 03, 2023 10:28am
Gold Price
Knock, knock...I'm shouting! Gold price is now over $2000 per oz.
Strong buy!
Comment by
Chizkiyahu on Apr 04, 2023 9:51am
Now $2010/oz. Why Aris stock down????
Comment by
Chizkiyahu on Apr 04, 2023 10:03am
Read it again https://www.forbes.com/sites/greatspeculations/2022/12/12/gold-has-the-potential-to-hit-3000-or-4000-an-ounce-in-2023/?sh=6cc345c92df5
Comment by
Stratocheif on Apr 04, 2023 11:16am
Because Aris messed up. They stopped toroparu and all they are is a 250k oz producer. Gold up but they don't have the production to profit from it
Comment by
Chizkiyahu on Apr 04, 2023 1:23pm
Oh, they will make profits while gold price climbs up weekly or monthly
Comment by
samrak on Apr 04, 2023 1:27pm
In fairness it isn't really stopped so much as delayed. They've elected to expand Marmato before tackling either Toroparu or Solo Norte. With cash flow from expanded Marmato in combination with existing production, they will be able to build up the next mine.
Comment by
Golddd on Apr 04, 2023 2:39pm
With 250k ounces it should be valued at over a billion dollars and instead capitalizes half of it despite the reserves it has. something escapes us