GOLD 0.51% $1,391.7 gold futures

Some of our emerging gold miners are the bargain of the century....

  1. 1,544 Posts.
    Some of our emerging gold miners are the bargain of the century. One company with up to 4 million ounces of open cut mineable gold has actually gone down! The profit per ounce after all costs will be, when mining starts late next year, over $A1,000 an ounce and yet the gold in the ground is valued currently at a derisory $17 an ounce!
    It's absolute madness when emerging future mega-profitable gold miners are marked down when the gold price goes trough the roof.
    I suspect the Chinese and perhaps others will be rubbing their hands in glee as our dollar sinks and the price of gold goes up. They already have quite a holding in this company. They may be able to buy the whole thing for less than $100 an pounce and walks away with $900 an ounce profit.
    Well good luck to them if we are so stupid as to give away our gold like that.
 
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