Just had a chat with the stockbroker and he said with the price of gold at the moment and with a hypothetical resource estimate of 11 million ounces the big mining companies will have to bid at least a extremely conservative figure of $2.00!But more than likely a heap more.With a estimate of 15 mil well it goes without saying.
We also came to the same conclusion that MOE was in real danger of moving hard very soon-what is holding it back??There is every reason for it to move up and nothing for it to stay down.Once it breaks through the 90 cent and 1 dollar barriers watch out.
I was going to offload in the first qtr of this year but changed my mind-there is plenty more in this one.
Cheers
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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