Many talk about the current and future POG, which is obviously a crucial element for the future of gold mines. However, no one talks about the POG of the past and it is interesting to compare the share price of RED/VAU (and certainly other gold mines) today with the first historical increase in gold and its peak in early 2012. RED was worth $2.20 with a POG of $1,700 compared to $4,200 today. Of course, we must take into account the price of the US $ and compare with the number of shares outstanding at the time, without forgetting that gold mines are dependent on their reserves, but it is still worth thinking about.
VAU Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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