News Focus
News Focus
icon url

TMTT

06/20/21 12:14 AM

#361 RE: Samuel J #360

No, they would not delay because of gold price. If price per gold was the concern then they could stockpile gold and sell in the future. I'm sure they would love to have gold in hand right now. The project is long term and nobody can predict the price of gold. After the 2008 financial crisis and housing crash there was wild speculation on the price of gold, estimates as high as $100,000 per ounce. Never came close to gold bug predictions, in 2011 price spiked, but still less than $2,000 per ounce, then in 2015 close to $1,000.00 per ounce. Gold and silver have always been extremely volatile. Winston Gold would have been in much better shape financially if they had started earlier. Remember that one of their selling points is low cost production.