I think it's a fair point to state that explorers are not profiting from the rise in POG, as much as established producers.
Will that always be the case?
Probably but the gap may close considerably.
A huge resource is a nice start when POG could go parabolic ...so continuing to prove up a bigger resource will make a good thing much better.
That's not 'doing nothing', it's reflection of market realities and short attention spans.
The overriding consideration is indeed that the POG could go parabolic. This has been spoken of by gold bugs for many years now, but the circumstances are aligning, it seems for at the very least a melt-up of hard commodities. If there is a comprehensive market and bond crash, gold will still be there.
Yes a lot of attention has been on Canadian producers. No, Canada is not necessarily low cost as an environment and no, Canadian bravado is not necessarily appreciated in here. Cheap thrills can be had elsewhere.
Everything is about to change so don't just use the rear vision mirror to analyse a stock, OK?
DEG Price at posting:
$1.25 Sentiment: None Disclosure: Not Held
(20min delay)
