We had great momentum recently. I know some of us here are wondering if there will be a pullback in a near future. The pullback can be due to buyers exhaustion or gold price correction. However there is a few things that we should also consider:
- In the recent interview, Zeff is very confident that TSO could be
a better success story than the recent successful ASX goldies. I think he might be pointing at
MGV or
DEG, and we are nowhere near their MC.
- We have 2 rigs on site, drilling at a speed of
10 DD holes/month. Phase 2 is surely extended until
December.
District target drilling and
further drilling of Ternera might happen simultaneously or immediately one after another. So basically we would expect
an announcement in every 1-2 weeks, from now until the end of time (of course Im exaggregating
). Each announcement would
increase the known
reserves and
support/boost the SP.
Thats why I do not care at all about a
healthy pullback (if ever happens). What do concern me now are:
- China announces that it has now formed a strategic alliance with the US.
- A Covid19 vaccine proven to be 100% effective and 100% safe, ready to be administered at general public scale. (Unlikely because the earliest we can think of is H1,2021. Also the recent survey done in the US showing that 1 in 3 American would not use vaccine. As they dont trust in something that is made too fast).
- FED, EU and major economical powers decide to stop printing cash, then collect what they had printed and burn it all to protect their currency strength.
I do not see any of the above scenario happen in a foreseeable future... So Gold is still super Bullish!
On a day like today, I would like to share one of the parcels that I purchased exactly 6 months ago.
I did not think back then that it would worth a lot more 6 months later! More interestingly, the future ahead of us now is even brighter than how it was before.
I know among us here, some only get on the TSO train today. I hope that 6 months from now, you could also look at the parcels you bought today and be proud of it! GLTAH!
(20min delay)