Gold is correcting at the moment, reflected in the SP, which is retracting marginally. I think Gold has another 20-30% to fall as the US equity markets eventually collapse and gold is sold off to cover margin lending losses, but it will tear back and rip through $4,000 USD right as we ramp up production in years 2 and 3. I won't be surprised if our SP corrects back to mid-teens as those who aren't cognisant of the bigger picture think the gold run has just ended. The truth is, it has only just begun. @392649 is on the money, distressed and non-operational mines in our immediate vicinity are cherry ripe for acquisition, and NMR has a processing plant that can, reportedly with relative ease, double its output to accommodate expanded operations. Any pullback presents a very good opportunity to add to your position. My opinion, DYOR.
NMR Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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