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9,783 Posts.
4221
13/10/20
11:47
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Once that wall at 17c gets smashed by the gold bulls,
its off to the races to market rerate territory.
i called a while back resistance was at 17.5c then 23c then 33c then 48c being the gaps from its drop in 2010-2015 from $3.
TRY has in the past shown it can rerate sharply as its register is tight & ruffer is not a seller & Eduardo from AGD & ramcap are long gone.
GUY.TX nearby ran to a 5 multibag MC of C$323M on 2 bids just recently bought by Zijin mining. Their grades are nowhere near these.
at a MC of only $100M, it has a lot of catching up to do to its peers.
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