gold shares rise amid market tumble, page-5

Some of our emerging gold miners are the bargain of the century. One company with up to 4 million ounces of open cut mineable gold has actually gone down! The profit per ounce after all costs will be, when mining starts late next year, over $A1,000 an ounce and yet the gold in the ground is valued currently at a derisory $17 an ounce!
It's absolute madness when emerging future mega-profitable gold miners are marked down when the gold price goes trough the roof.
I suspect the Chinese and perhaps others will be rubbing their hands in glee as our dollar sinks and the price of gold goes up. They already have quite a holding in this company. They may be able to buy the whole thing for less than $100 an pounce and walks away with $900 an ounce profit.
Well good luck to them if we are so stupid as to give away our gold like that.