How much is 75million Ounces of Gold Worth?, page-347

The resource will increase to 10-50m oz, no question about that. Problem is, will gold be still used as an investment option. With more and more talks about using cryptos instead of gold for the financial and investment purposes the demand in that area has gone backwards and that's reflected in the PoG. As a metal it still will be used in the future but if replaced by cryptos then, according to some statistics, the demand for physical gold is a lot less than the anticipated annual production. And that sends the PoG back down to ?. And we all know the investors move with the spot price regardless of 10m or 100m oz. Unless NVA can be valued by income it will be valued by the spot price and that direction is down.

To stop a further sp downwards move I took one for the team and sold half of my holding. Not an easy decision but that will definitely turn things around, soon the sp will be 20c plus. But if I had not sold we would talk about 12c already.

GLTA