It is pure insanity to have a market cap for so much gold under 20 million. Total insanity. per ounce atm $13!!
One day yes, it will fly. Has to, the question is more when?
It will be when we least expect it though for aussie stocks I do believe we need to see some more success at production level. Looking for support for DIO and NGF as both seem to have some great potential and if they go well the market will warm.
So if you buy exposure to gold now for $13/oz good chance for huge gains. Imagine if igv of gold deposits were re-valued to actual cost of exploration (not a unreasonable expectation) current avg cost $60/oz to jorc stage.
trouble is we are sheeple and everyone will be waiting for everyone else to get gold fever.
I would love to see gold priced at Aussie $1100+ bit frustrating that it has only really risen in USD of late.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
