chuk, i would be interested in your thoughts on this...

  1. 1,004 Posts.
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    chuk,
    i would be interested in your thoughts on this subject.

    what will happen to abu if there is a major downturn in the stock market?
    i.e the dow to lose 50% of its vaule, say over a period of 18 months?
    what would happen to the price of gold if there was a major market down turn?
    we are nearly at a sweet spot,going from developer to producer, trail mining licence approved ( allowing abu to use the funds instead of being placed in trust strengthing my belief they will approve the mining licence), low capex, high grade gold at surface, large land holding, large tax losses to off set income.strong cash flows expected from july 2013
    will a mining licence & free cash flow i believe of over 3 million per month on a market cap of only 140 miilion bring broker & insto support?
    will the trail mine results if they match up or exceed the trenching results bring a different type of investor?
    was there any gold stocks that increased in vaule during the gfc?
    or is the market in gold at such bearish levels now that it would not be affected?
    newcrest went from $40 in march 2008 to $17 in oct 2008 , then by jan was back to $30
    there profit in 2007 was 73 million
    in 2008 it was 134 million
    in 2009 it was 248 million
    in 2010 it was 556 million.
    think the company is great,one of those ones that come along once every 20 years , however i think this market is once in a 80 years.
    which will endure abu or the market in a down turn?
    this question while directed at chuck is open to all other members on the hot copper forum.
 
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