Folks,
Keep in mind that the gold trend will continue higher. Investment migration is continuing to grow. That means, the goods coming out of the ground/water will continue to increase our profitability. Given the recent developments of the super-committee, it is obvious our government will continue in a tailspin until march of 2013 when the government is free from the looming election and will be likely to start working again.
Higher gold prices means higher valuations and profitability occuring simultaneously as industrial output continues to be outpaced by inflation. That means that their valuation is going down. The manufacturing sector has taken a hit and is about to take an even heavier hit as we head into the election cycle.
it is hard for me to imagine that gold mining stocks are going to remain in the shadows. It does not make sense.
It is my opinion that what we in the mining pennies/sub-pennies are experiencing is risk aversion. When the economy is shaky, people become risk averse. I believe our little pond has an odor and people are looking to gold as a safe haven. Not another risky investment. So, when we become less risky, we'll become more popular.
If I step back a bit and listen to my wife's perspective, people are looking for something with some level of a proven track record and a positive future. So, we have the later. we just need the proven track record.
I would like the board's comments on what that would take. My opinion is that we need at least 2 quarters and preferably 4 quarters of solid profit, revenue growth and accumulating cash reserves. This should be "iced" with REE processing research/development efforts.
Gold will top $2500 in the next year. The super-committee gave us that (thanks guys your ineptitude is our benefactor).
JMHO -> Ck
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