Yes gold is plummeting.
This is good news as a long-term investor in AUT. We are still 2-3 years away from production, so moments like these are basically a huge "SALE" sticker on the underlying value of AUT.
It's anyone's guess what inflationary or deflationary action occurs over the next 2-3 years but I'm long on the utility of gold as an emergency store of value (not so much as an inflation hedge).
When gold recovers in the mid-long term, which it will because crypto (DeFi) is essentially in the final squeeze of a broader bear market, AUT will be a prize pony.
These guys have mergers and acquisitions on the cards (watch out ADV), 25 million cash on hand and a fully resourced drilling program.
The fundamentals on AUT are so solid it's almost unbelievable. Unless something drastically changes in the world of non-energy minerals im sitting on my hands and holding this company until production phase.
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