Anything is possible during market conditions like these and we are certainly not out of the woods yet, but the trading pattern is definitely looking more promising.
An update from Engenho confirming grades and production figures would be useful to verify that the company will indeed be cashflow positive in the near future and able to recommence exploration.
As we speak, Helicopter Ben is at work printing more and more $US and eventually deflation will give way to some serious inflation which can only be bullish for gold.
There is no way I'm selling at anywhere near these levels.
Good luck to all holders.
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