Post by
zack50 on Aug 04, 2022 2:58pm
At this moment...
we have never been closer to the FED's EA approval.
Comment by
theCurse on Aug 05, 2022 12:46pm
It would seem you are definitely onto something. Would seem continuing upward strength must be based on that. 2 or 3 (if one can count "anonymous") continue to buy in good chunks. tC
Comment by
brianjames on Aug 05, 2022 4:27pm
Closed on the high for the day.......does that bode well for next week, or will we have another speed bump in the road? Anyway.....nice run from $1.12 to $2.04......80% plus return for those that bought at the low. BJ
Comment by
NineLives on Aug 05, 2022 6:50pm
Lightened some load at $2. Metalhead you gotta have faith in your calls!! You're on the wrong side of the trades. Your initial call was correct don't let the nasty brain left vs right screw you over. Not much left but GIC's and Gold right now everthing else aside from oil companies gouging the working class is fleeting and fancy free.
Comment by
JamesLogan on Aug 07, 2022 7:44am
Angelique: Is your wish of 850 million in US or Canadian dollars?
Comment by
Angelique01 on Aug 07, 2022 10:30am
The $850M remark was in Canadian dollars.
Comment by
JamesLogan on Aug 07, 2022 10:37am
So roughly $3.22 cdn a share? I'd like to see it at least $4 myself.
Comment by
metalhead666 on Aug 07, 2022 11:22am
Not going to happen. Getting to NPV is hard enough for a multi asset working mine. MOZ is still a long way from there. .75 of NPV tops. Now if gold were $2500 or $3000 then the math would change significantly and I suspect that will happen once the FED folds but for the near term I think this is all it's worth.
Comment by
metalhead666 on Aug 07, 2022 11:19am
Same here...I owned Island Gold that Alamos bought for nothing....Atlantic Gold, Fosterville and some others..Battle Mountain (the former Rubicon) none of them were sold for what I thought they were worth. Marathon would be a good asset but I don't think anyone would pay more than the current price for it.
Comment by
NineLives on Aug 08, 2022 10:09am
Angel - good post. Remember the Clinton presidency, 1993-2000 or there abouts. Avg interest rates 7 to 8% yet stock markets did well and following the recession on the east coast - Boston etc the economy boomed for most of that period. just shows high interest rates are not always a bad thing. Allows savers to save and keeps prices in check. And no silly QE back then.
Comment by
metalhead666 on Aug 08, 2022 10:49am
Didn't have a fraction of the debt then as now and that makes all the difference
Comment by
prospector2014 on Aug 08, 2022 6:44am
From your 50 yr.of gold investing experience can you tell me why price of Gold when down instead of up in an inflationary market / semi recession!
Comment by
metalhead666 on Aug 08, 2022 7:39am
There's no simple answer but mostly it's because of the strong dollar. There's also been competition from $hitcoin which never existed before....and the Robinhood gang who love worthless tech more than old fart gold