What we need is a POG above 1000 USD imo. One million ounces and low cost producing in a safe jurisdiction is p-e-r-f-e-c-t for investment especially when the MC is just one fourth of infrastructure alone.

Of course, we don't mind a discovery but already MTO is an extremely well positioned company to put money in. MTO, like all other low cost producing gold mining companies, will go much, much higher when gold goes over 1000 USD. And it will occur after a couple of months. After 9-11 we also had to be patient: gold even went down a little for a couple of months. After that we all know what happened. Same thing now only on a much, much larger scale in terms of financial disaster, forced large scale repositionings.

Right now we see some heavy day trading in the bigger companies when gold has a good day. Only to fall back the next day.

Sentiment is lousy at present: the perfect time to accumulate. But who does?

Only the winners.