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Thursday, October 12, 2017 12:03:48 PM
so my 2c is that we ain't seen nothing yet. extrapolating that means, as the current quarter comes to a close, that EVERYBODY meaning the funds will be buying in december like mad hatters, looking forward to the january production report. ........which should be price go zonkers, and lurches once again higher. Even if it doesn't, the market will still think it will, so you can trade and sell what you just bought for a meaningful profit......but I never buy a stock to trade it.......
Here is my optimistic math. and yep, I am an optimist at bottoms and a pessimist at bull market tops; well not really, I am an as dumb as the next guy, a dreamer at market tops, hence I get my you know what kicked, but just speaking about a goal for human behavior now, lol......word to the wise. It is hard for all of us, to take advantage of knowledge. If we did, nobody would smoke.
Once we get the mine enhancement approved, which may be mid next year, give or take, the mine expands production by 30%........
what does this mean: if gold by year end 2018 is at 1400......(it might be less), and we are doing 500K ounces of gold per year, give or take.............with costs at 500 bucks, give or take, that is 900 bucks per ounce...PER OUNCE OF GOLD SOLD........and if....and if....and if.....gold really is approaching 1400 on December 31, 2018, the general market will start talking about a new gold bull, as it will dimly perceive the future.........and I will assign a PE of 30 to our earnings.......THINK ABOUT WHAT I AM SAYING. Remember too, we will have drill results in around next fall, give or take, and they will be spectacular.............imagine ivanhoe, with a mine actually built.
30pe X 500K ounces, at 900 bucks profit per ounce give or take, is what market cap? vs. today's market cap........people will say this is bs, but at a bottom in a gold bull, nobody believes. They scorn the raw math. Not me.
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