Tuesday, October 10, 2006 7:29:00 PM
At what point will POG reverse direction?
Onexoco, I agree that POG is the main driver and that it could go lower. The question is how much lower (first it was 600, then 550, now 535) and what will it take to get people buying miners again?
If (and I realize it's far from guaranteed) KN gets approved, will the price of NXG still be a slave to the POG?
Here's my fear: KN gets approved but the market dismisses it because the argument against NXG now becomes the high costs of getting the mine operational. Arrrrrrgh!
Onexoco, I agree that POG is the main driver and that it could go lower. The question is how much lower (first it was 600, then 550, now 535) and what will it take to get people buying miners again?
If (and I realize it's far from guaranteed) KN gets approved, will the price of NXG still be a slave to the POG?
Here's my fear: KN gets approved but the market dismisses it because the argument against NXG now becomes the high costs of getting the mine operational. Arrrrrrgh!
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