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Saturday, January 09, 2021 1:32:48 PM
The frn is going into hyperinflation vrs Bitcoin as we speak...gold and silver will follow eventually...
But even if gold, which is under massive manipulation, stays around 2000 they make profits every time they pull an ounce out of the ground. You love it when the news is all good and the price goes down.
On the OTC often if news can just be construed as good the price goes wild. You don't need imagination or hyperbole on this one. The metal is in the ground. They know where it is and they have put the equipment in place and are fine tuning that equipment to maximize extraction.
They don't have to raise money to buy the equipment they already have it...the team is experienced, the property is "1st world" although the events of the past few months might test that definition there is no doubt they have power, water, and roads already in place.
Profits will come shortly after production begins...stock is cheap because lots of other mining companies have said they were going to do this or that and somehow used up their capital and never pulled an ounce out of the ground because they had to build a road to get to it or run power or pipes for water, had to get permits or some thing that stopped them from ever making good on promises of production.
These guys have none of that. Should be a going concern "soon".
But politics makes it so JP Morgan can blatantly manipulate the gold price to the point where they get a BILLION dollar fine...and then pay the fine by (u guessed it) manipulating the gold price...
Use the time to collect the gifts you are being given.
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