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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (62652)1/3/2009 10:21:52 AM
From: Claude Cormier  Read Replies (2) of 78424
 
I agree. Indeed several gold stocks will do extremely well with current gold prices. Undervalued producers (especially in the junior group) with good balance sheet and growing cash flows are part of these group. I can see some with the potential to move up 5-fold in the next few years with gold at current price levels.

Loantech and I were discussing about the valuation per ounce in the ground which appears to be locked around $50/oz or below for deposits yet to be developed. I express the opinion that we will need higher gold prices for this number to move up.

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