Bullboard - Stock Discussion Forum I-80 Gold Corp T.IAU

Alternate Symbol(s): IAUX | T.IAU.WT

Metals & Mining Gold

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the... see more

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TSX:IAU - Post Discussion

I-80 Gold Corp > December Gold $2.710

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Post by NineLives on Oct 17, 2024 11:43am

December Gold $2.710

$2.750 short term target very much intact.

Don't think mainstream investors can continue to ignore this sector much longer. We need to see triple the volume for Gold stocks to be inline with where it was pre-Covid. Inflation is way down, rates will follow next and lease rates for Gold will be in vogue again.

BRICS meeting coming up, Central banks still buying as are tier 1 banks taking advantage of Basel III where Gold can now be classified as 100% to be used for capital. So the advantage there is, as Gold rises those banks holding Gold for capital requirements get to free up more cash to lend and make more profit. Everything is lined up, they just need more physical Gold !

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