You can’t post that kind of gold porn here, I came when he said $4,500–$5,000 gold, not that I wasn’t expecting it. I’m actually hoping Trump stays in and keeps the geopolitical chaos rolling. If he does, I wouldn’t be surprised to see gold hit $6,000 by 2028. It’s a bullish call, but not out of reach.
That said, I think it’s highly probable we’ll see $4,000 for gold by the time JORC update drops Dec/Jan, and I also believe we’ll most probably be sitting on at least 4Moz by then.
At some point, MI6 has to rerate — Argonaut has already put a 30c target on it.Today’s initial drill results backed it up: every single hole except 0014 came back with significant gold intercepts. Even 0018, which was the weakest from memory, still delivered.
We have hundreds of holes to go and $50 million in the bank to pay for it all.
MI6 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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