Yep, he'll still be back there waiting @ 8c when it hits 30-40c ... !!
Money quote from the latest BYR thread re price paid for gold in the ground:
As Bloomberg recently noted, “The average paid in 133 transactions in the three months
to June was $64 an ounce of gold equivalent in the ground, up from $36 in the first
quarter of 2016”
That's USD, so is $83 AUD/oz. means if we can get to 1M oz resource, that's a market cap of $83M, meaning a share price of 83/28*12c = 36c!!
YMMV,
Brett
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