American Creek Resources Ltd V.AMK

Stockmoves 1 ;

[Rockit2]

You've got to be careful here at this price. If the US keeps lowering the interest rates , gold will continue to fall !! I don't know what the price would be for Tud to be a profitable mine but if its $1,300 and gold goes down to just $1,100 . Guess what this stock will be worth !! If that happens this will never be a mine which means the stock would be worthless.. DON'T PUT ALL YOUR EGGS IN ONE BASKET my friends !! Just a few words from a guy thats seen it all before. 25 years of trading.

[Whatamidoing1]

Would you say when oil price went below $0 in 2020 that oil stocks would be the worst thing to invest in because they can't be profitable at that level

[Jetstream1281]

Your point is valid but only under the assumption that gold will not recover. It will, its just a matter of how long until that happens and how much money you can make with your dry powder in the meantime.... It may just end up being the buying opportunity of a lifetime.... My own calculations show that at the current average grade (0.74 g/T AuEQ) we could make pretty good money at $1800 gold..

[Jetstream1281]

My numbers are based off of Red Chris' cost projections so a rough estimate but with fairly current numbers.