There's a tendency to believe that because most gold stocks have been badly undervalued compared to gold in recent years that this trend will continue.
As the gold bull develops momentum the reverse will happen imo and gold stocks will end up being phenomenally over priced when compared to gold.
This means imo should ROL keep the great exploration results flowing in, ROL has a great chance of going to dollars - many, many, many dollars imo if the market decides that ROL has most likely found another Lihir.
Should that be the case I anticipate there will be plenty of "bad luck" stories about "How I could have been a millionaire." For example, when PDN hit just 50 cents someone who held a couple of million PDN shares and sold them for a cent or two posted how they could have been a millionaire. I wonder what that person was thinking when PDN went higher than $10.00?
(By the way, PDN had many more shares on issue than ROL.)
ROL Price at posting:
$1.23 Sentiment: LT Buy Disclosure: Held
