honestly, I believe that that is correct, and I am leveraged heavily in the gold miner ETFs, BUT....
As I have mentioned before, while a high gold price is helpful for ITEC, MORE IMPORTANT is for ITEC to just mine some gold, period. We know their cost will be low, so whether gold is 1000 or 1500 an ounce, they should do well. But they have to actually mine gold, and that right now is my biggest concern. We're due for a press release, as they should have the main permit by now in my opinion.
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