Oh no i get it completely. But if you put it that way dogabone it makes a little more sense.
You stated Homestake SP increasing 7 fold. Biggest listed producer of the time. PRODUCER. So if we have another depression, 800,000 oz Au sitting 300 metres deep and not yet proven economical will help us how? Will we have funding available to retrieve this mighty 800,000 oz Au? Of course not.
Maybe if POG was $10,000+ oz?
So we have no gold. We have a low SP and any form of recession will send it lower.
Did gold exploration companies fair well during the GFC?
I get what you're saying but could you foresee GOA even mining within the next 5 years?
GOA Price at posting:
1.8¢ Sentiment: None Disclosure: Held
