Coto, love your work mate. And you are bang on. The price of...

First 258 Last

Share
Profile

Follow
BaltasarG

3,601 Posts.

1434

08/04/24

10:13

Post #: 73234588
Share

Originally posted by coto: ↑

Yes, the market has to wake up!!! There is some massive upside from here! People probably think they missed the boat in relation to gold stocks, seeing the price of gold run hot in the last few months... but realistically they haven't missed the boat at all. As you say, the junior to mid cap gold stocks are all hovering near all time lows. AUC is not my only gold stock in struggle street in a share price perspective. Even though I think management have done a good job proving up the 3moz plus, working on the PFS, purchasing properties etc, the market is yet to respond.

Also, look at gold producers right now, the below chart says it all! Even producers like NST who are generating massive profits are still well below their 2020 highs (after the fear relating to covid). The price of gold is over $300usd higher than at that time, and even higher in $aud. If the disparity is that large for cashed up producers, imagine mid and small caps... its massive!

The boom for gold stocks has not even started imo.

Expand

Coto, love your work mate. And you are bang on. The price of gold is running and will continue to do so as supposed gold experts can't explain why. They'll eventually cstch on as they realise shanghai gold exchange is the price maker.

3 million ozs just down the road from Perth (not bum f*ck Tanami) will attract a work force and they will get the project moving in due course. What we're seeing atm is best explained by sentiment, that's all. When retail finally catch on they will be paying up, such is the herd mentality.

Last edited by BaltasarG: 08/04/24

AUC Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

Reply