Post by
oilisswell on Dec 14, 2023 2:55pm
Profit taking
Day traders taking advantage of the runup yesterday to lock in a profit, in the hopes of once again buying back lower.
GGD will be stuck for some time until permits are approved and construction can begin. Current estimate is Q2/2024 for underground permit. So we are a ways off. With some 300 million oz/eq (more to come) of silver and an anticipated 7 (LRS) to 14 (+LRN) million oz/yr, at an AISC of ~9/share, what will that make GGD market value???? 1B, 2B, 3B????
While no doubt 5 or 10% here or there sounds attractive, what about 100, 200, 1000% in a couple of years????? GLTA holding, GLTA day trading!
Comment by
sosgood1 on Dec 14, 2023 4:05pm
Right on as usual Oil. Thanks for trying to keep us all sane.