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Saturday, April 07, 2012 2:22:06 AM
Its a speculative play on forward production, loose monetary conditions, higher Gold prices and possibly more QE and of course 2% inflation which is actually over 10%.
There are always red flags when one speculates - even on big board stocks. The fact that this is a pink sheet makes it very risky so if you cant stand the heat stay out of the kitchen.
I could buy any number of pink sheet "ADR's" that have a higher market capitalization and much less going for them. People bid that crap up based on expectations of reserves and possible production that could be as far off as 5-10 years. AGCZ is producing now and claims to have have the reserves to meet 400 ounces of production per day by Fall. That is enough motivation for me to be bullish and overlook the negatives.
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