TSX:GGD - Post Discussion
Post by
oilisswell on Nov 13, 2024 8:24pm
GGD needs the permit for LRS
The permit is what is required to really get the SP moving. Bouncing up and down based on traders attempts at making money or minimizing losses without considering metal prices is not going to help the SP sustain any meaningful appreciation.
GGD was much higher with lower metal prices. The latest presentation NPV calculations assumed silver at $25 and gold around $1957, far lower than current prices. At the rate the SP drops if one was to correlate that to the price of metals, the SP would be 0 if metals revert to those prices. More proof of how irrational and unpredictable the market really is.
It looks like the metals can fall further mimicking Trumps 2016 win. Hopefully 2025 is GGD's year! Metals should rebound, as before, and the permit should be issued. In the meantime if the SP falls below a buck, I'll be selling some others and buying more GGD.
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