Great post.
Fully agree just about POG.
Read an article on CNBC earlier that resistance of $1375 had failed and next support was $1050 level.
Everyone in the world recognises that Gold will continue to go up over the medium to long term.
The opportunity here is simple- should POG continue to fall to those levels, then you buy as much as you can.
At current prices, and those levels which equate to AUD $150/oz profit, you are only delivering 1M oz out of 5M oz resource.
Therefore you are getting 4M oz for free.
TAKEOVER HERE WE COME.
Great post. Fully agree just about POG. Read an article on CNBC...
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