See here is exactly the problems with the smaller caps, juniors etc. Right on this thread.
You can find fault with all of them. None are perfect.
Undergound mines like CTO and MCO are a worry because seems difficult to measure such deposits to jorc standards. Or so people feel, rightly or wrongly.
Open cut have lower grades so do not generate gold fever amongst grade nerds even if they are cheaper to develop.
NGF has done very well to get up and running but in doing so took out some hedging so not perfect also.
Then we see great value in others like IRN who like may get gold for free extraction on the back of copper credits but seem to be under attack from red rebels. Perhaps CGX is seen as having geopolitcal risk also.
Today was reading on HC some feel LGL will be blown away by a volcano (maybe this would throw up many trillion oz of gold lol)
AI Minerals have too many little bits of leftovers.
Monarch Gold too ambitous perhaps, too long term thinking = bad management. Folks want profits tomorrow.??
KAL maybe this or that, who knows yet...but still who can ignore that much gold under 20mil m/c, well many lol.
Not sure what the problem is with DIO, looks good to me but sure some find fault. Wrong state or not enough gold..whoever knows.
It is when many of these issues become trivial that we will see a re-rating of gold juniors. When instead of focusing on the negatives we say..hey wait on I can buy exposure to gold at $15oz, how good is that! When we will not need to wait for PFS to see if the stuff is worth taking from the ground..... we will know it.
So we need the POG to rise in AUD. We need to gold to be an alertnate to paper currency, not just the USD. It will come. Producers are doing better, next stop...juniors :)
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