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19:29
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Originally posted by DigDagg:
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Apologies GP, my context here for short term is something like two years or so. We are talking about the mentality of the people who manage insurance companies and superannuation funds. These people are the patient players in the market. At this stage there seems little doubt that Hemi will become a world class mining operation. The infill drilling has to be completed but with the funds in hand and the drill rigs under contract that task is a foregone conclusion - it will be done and likely within a year. Once they have a measured model of the ore body the rest is a process to a reliable income stream generated by a mining operation that is mining base money because that is the essence of what gold represents in our financial system. You could put London to a brick that the price will go up when they release the BFS. The only question is how much.
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Great view of the macro economics in play. Plenty more in play too, with companies and counties scrabbling to get as much physical gold as they can right now, but I know you didn't want to write a thesis in a page.
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