Some consideration.
posted on
Feb 22, 2008 08:50AM
Gold price is coming within the psychologically magical $1000 per ounce.
Many will likely make a big fuss over it, particularly the media.
But for us holders, remember the time two years ago when we were talking about what $500 gold price will do for us.
Well what did it do?
At that time we were at least half a dollar higher in price than today.
Sure there will be spikes in our share price but until buyers come in droves it will continue to stagnate under powerful fingers.
Initiation act, where is it? Why the delay?
Could there be other factors at play here that though may be mentioned but not discussed much.
For instance, could the delay be due to the situation with our neighbour KRY.
They have to resolve a legal problem, perhaps any day now.
Is not Barrick involved in the affair.
Could Barrick be in the wings to take over Crystallex.
If so is it not looking at us also?
The two potential mine resources combined, are they not the largest to be had on the surface of this planet? (Considered mining the core of the planet, have you? Heh, heh.)
Are not many majors in dire need of new resources ( especially Barrick ).
Is not our mine about to be ready in two years while other finds may need five or more years to production.
And some have been saying that they would part with their shares for $10.
Get a life.
Don't even tink about anything below $30. Yes that is 3 0 . 00.
And $40 is quite realistic to expect today. What is realistic once gold is over a thousand dollars, consider it now, for you may not have much time to do so.