Sunday, April 12, 2015 4:57:00 PM
The side of the 'can do'!
This co or their future jv partner or buyer CAN get to the gold in no time (1-3 months depending on the target i.e. other targets not the one lying at 60 ft above the tunnel).
You lose only if you sell. At this dismal sp it makes no sense to sell imo. Wait and hopefully financing or a jv partner would come through and get to the next rich pocket of gold. Or alternatively one could buy this low and wait for an appreciation then sell to compensate for previous losses and make money. At least this is my strategy knowing that the mine is fully permitted, has everything in place, is immediately below another 3 miles of golden channels that should yield no less than 315,000 ounces of gold.
Good luck!
This co or their future jv partner or buyer CAN get to the gold in no time (1-3 months depending on the target i.e. other targets not the one lying at 60 ft above the tunnel).
You lose only if you sell. At this dismal sp it makes no sense to sell imo. Wait and hopefully financing or a jv partner would come through and get to the next rich pocket of gold. Or alternatively one could buy this low and wait for an appreciation then sell to compensate for previous losses and make money. At least this is my strategy knowing that the mine is fully permitted, has everything in place, is immediately below another 3 miles of golden channels that should yield no less than 315,000 ounces of gold.
Good luck!
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