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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: dalroi who wrote (12623)12/12/2009 7:00:18 AM
From: TheSlowLane  Respond to of 48092
 
Silly low. gold10K has been consistent in his beliefs about where this sector is going and we ain't nowhere near that yet. I think his nom de plume kinda says it all...<g>



To: dalroi who wrote (12623)12/12/2009 8:25:20 PM
From: gold$10k  Read Replies (2) | Respond to of 48092
 
Hi Stefaan,

Just as an example, I have identified a number of companies with greater than 2.5 Moz of 43-101 compliant gold equivalent resource in politically safe countries which are valued at less than $20 per ounce in the ground. A typical price to buy out a junior in a more normal market would be 10% of the current price of gold. In the midst of this bull market I'd call $20 per ounce silly low.

gold$10k