Incredible jump in the resource to 10m ounces followed by silence. Must be drill results coming soon. Dave has historically done few releases following a holiday. My gut says we get news on Tuesday. Need some good results to reignite the buyers. BMO and Beacon with $3.50 price targets yet we languish at less than half that. Hard to be patient, but gotta believe we have another run upwards before the end of the year.
Central banks are forced to keep buying gold to under pin their weak currencies, this should lead to continued upward pressure on the price. At some point the majors will have to make some acquisitions to keep the pipeline going.
In my opinion the stock is terrifically undervalued. Time will tell.
Best, JM