Yes I would take $1 now because I believe in 2 years they'll be worth $1.50 - seems like a fair discount for $$ now as you point out.
Think a first bid would be lucky to be above 70-75c though so this game could have a while to play out.
My prefernce though is for the Chinese to just want a cornerstone stake (please!) and let us ride the bull for another 18mths. If gold goes to US2,000 in that time $1.50 will be chicken feed.
If we do get taken out the next question is whats the next goldie that shows the margin of safety that GDO does so those of us that want to keep a gold exposure can.
GDO Price at posting:
50.0¢ Sentiment: LT Buy Disclosure: Held
