Thanks for the explanation @kirk26. (@bevter also) As to PMs,...

Thanks for the explanation @kirk26. (@bevter also)

As to PMs, IMHO they ain't going anywhere significant in the near future (XAU/USD has had a $1400 ceiling since 2013 (see below) and unless US/Nth Korea go to war, I don't see any reason for that to change, and the other PMs aren't relevant to BCN anyway) and global economic stability is looking as strong as any time in the last decade, possibly the strongest (as an indication, Wall Street has just easily survived a minor correction, and is now headed back upwards, and the 'correction' was in reaction to bonds going up, not any inherent economic weakness, but the opposite). Anyway, POG is irrelevant until BCN gets into production. I reckon we need to see the first bar of Au from the company before factoring in the POG or global situation.

Cheers, GW