Ann: More High Grade Gold at New Bendigo, page-139

A while back I posted the triple bottom in gold. I think based on the analysis and symmetry we have a gold target around $US1840. If the S&P 500 continues a sideways movement then gold will rise as this has been the pattern historically and the target is achievable IMO as demonstrated below. Now what price do you think the local stock is worth on gold alone? Subsequent prices and graphs with gold above $US1800 an oz have confirmed my thinking. If this target is reached, the bull run will smash $US 1880, then $1940 and perhaps by the end of 2023 if gold on the next bull run hits the next target and breaks above $1920 thereabouts, then the next target is $US2840 based on the symmetry pattern approach as confirmed by another commentator below my diagram. So what is the company going to be worth if gold holds these projections? Risk reward says it all.


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