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Re: jrf30 post# 436

Monday, 08/16/2021 12:01:53 PM

Monday, August 16, 2021 12:01:53 PM

Post# of 521
JR the best way to determine if the stock price pull back is because of something the company is doing or the sector is doing is to look at the big mining ETFs such as the GDX and the GDXJ and then of course the trend of the price of gold over the last year and if you do that you will notice all three have pulled back substantially in price and are also right now in the well-known cyclical summer doldrums. So any company stock price trying to fight those three major headwinds would require some kind of unusual and substantively positive news and we're just not quite there yet with signature. Starting soon with two drills working as well as a 30 man camp this company will be trying to find the type of gold deposits that will jump-start this price rise, but it would be very helpful to have a tailwind instead of a headwind from the mining sector and gold price!