Yeah, some great news today, I think Steve has pivoted to the right sector.
WIN will have around $1.3B worth of gold & the current MC is $11M, so I think the upside here is clear to see.
WIN METALS LTD (ASX:WIN) - Ann: WIN to Acquire High-Grade Gold Project, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
The resource base could be expanded within months, so who knows how much more gold they'll find. Perhaps there could be other minerals onsite as well. Silver & other metals are sometimes found in conjunction with gold.
The comment from Steve says it all.
Below is the current gold chart in AUD.
We live in a
debt-based monetary system, which requires ever-increasing amounts of debt for the financial system to continue operating. Debt has to increase, there is no choice. Money is debt & debt is money, there is no money without debt. That's how money is born, through debt.
Global central banks have been printing money for decades & as a result, have debased every currency around the world, including the RBA with the AUD. That has resulted in the above chart, an ever increasing gold price. Paradoxically, it's not the price of gold that's increasing, it's the currency you're using to buy gold that's being debased before your very eyes. A worthless currency requires more amounts to buy the same product, gold.
Global central banks continue to debase their own fiat currencies (they have no choice) to inflate away all that debt, which is why I believe there is no other direction for gold to go but up.
Below is a previous post on my thoughts on the gold price. I believe we're on the cusp of another Bull run in gold, like the one from 1999 to 2012.
Gold Futures (COMEX:GOLD) - gold, 75300081, page-128731 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Below are a few recent interviews with some prominent gold bugs & their thoughts on the precious metal.
MUST WATCH! Hard Times Ahead | Gold & Silver Can Save You | Marc Faber - Gloom Boom Doom (youtube.com)Gold breaks $2500 (youtube.com)Gold: The Ultimate Hedge Against Soaring U.S. Debt | Rick Rule (youtube.com)WIN could use any profits from this acquisition to
develop Mt Edwards when/if the price of nickel & lithium recovers.
I think it's WIN for the win, let's go Steve!
(20min delay)