Pie in the sky is right......................hahaha. the 17% stake in DEG is even at current gold price worth $600 million alone. Even without a suitors premium. As soon as that first gold pour happens then GOR's stake in DEG will be in the region of $1 billion.
Why would GOR even consider hedging at something like $400 below the current POG. Been there, done that at $1800 an ounce when POG was $600 more. Hedging is for start up companies when the banks want surety. Even DEG will have no hedging.
GOR management are not much good at running a mine..........that is Goldfields job.
I prefer the stockbroker analysts opinion of DEG.
Crypto is BS. Just an imaginary number depending on what you say it is. No tangible wealth.
GOR Price at posting:
$1.77 Sentiment: Buy Disclosure: Held
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