Great charts. As the pundants say, from lower left to upper right. The gold chart has yet to go parabolic on the long term. When it does and the general public rushes in to become involved, in the past, the junior mining stocks make wild moves. That is when all rational estimations of the target price of CGFIA go out the window.
Meanwhile, the juniors miners ETF is grovelling, indicating that the general investing public are still non believers. If CGFIA can stay afloat during this gold mining stock consolidation period, the price appreciation could be quite surprizing. The company's sizable outstanding share dilution and large "A/S" have made old price highs an irrelavant gauge. Yet, when a frenzy for gold mining stocks begins, who knows?
Personally, I am still buying as I can pick up a million shares for the price of dinner for two in Newport Beach.
