What time scale are you making this bet on. I would take the bet if you mean by the end of the month, actually I would even take to bet on for end of June. I have a lot of friends in IGR and actually know a few that work there.
I do agree that IGR is undervalued at the moment but with the POG dropping and the worries around the world you won't be seeing 50c + for a while.
I do feel you will see 50c again when the US start printing money and raising the debt ceiling and gold bounces.
I will even go to say in the next 2 years you may even see a $1 ..... but for me I feel Gold Shares will drop as long as the POG drops, thats just fear but for long term investment jump on the goldies and dont be too woried if they drop as your never find the bottom , its picking the ones that reach the top
So what the rules for this bet ;-)
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