Thank you for spending the time on that.
Interesting to see last night that both major (GDX) and junior gold (GDXJ) indexes performed well again last night and are now up 5% over the last 5 trading days. Commentary suggests that stocks lead the gold price in major pivot points so we could well see a sustained run into end of year.
Inflation expectations continue to increase and the 10-Year Breakeven Inflation Rate is looking to break out which is really only a matter of time considering recent commodity price moves.
Assuming this theme continues i am hopeful that we could see a takeover price closer to the NPV, however it could still well be the case that we either enter an agreement with an existing entity to process for us or merge assuming the synergies are there. Either way, things are looking much more positive than they have over the recent past.
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