WMC 0.00% 20.5¢ wiluna mining corporation limited.

Evergrande may cause another 2008 crisis. China gov has said...

  1. 436 Posts.
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    Evergrande may cause another 2008 crisis. China gov has said they will not step in. Gold fell 20%, but then climbed to double previous high. Eg $1000/oz to 800 then 2000. These are rough numbers but you get the point. This also happened during great depression.
    Extrapulating that forward sees gold drop to $aud 1600, then rise to $5000. Wmc would get hit with the rest of the market, but then rise to make new highs.
    i suspect that could warrant 12+ stock price when the dust had finally settled. $5000-1750costs.x120000oz.

    for those that can or have the stomach to hold about a year, year and a half while the dust settles.








 
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