Re: Am I stupid,or what?
in response to
by
posted on
Sep 26, 2008 06:43PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
A little birdy told me that bullion goes on a bull run first, and the juniors follow. We just have to wait our turn, I guess.
Makes sense, I guess. In times of panic, the stores of gold get sought after first, and once the stores are gone, the next best thing is the guys with the goods in the ground. Only difference is, the juniors have multiple returns on their side. Gold is 880 or so now, and they expect it to go to 1650; that's a two-bagger.
Cavedude had posted this some time ago, as an example:
The figure on the far right shows how much just a $1,000 investment in each of these gold stocks would have risen to from 1975 to 1980 (5 years). |
Company | 1975 price | 1980 price | Value |
Azure Resources | $0.05 | $109 | $2,180,000 |
Bankeno | $1.25 | $430 | $344,000 |
Lion Mines | $0.07 | $380 | $5,428,571 |
Minerals Resources | $0.60 | $415 | $691,667 |
Steep Rock | $0.93 | $440 | $473,118 |
Wharf Resources | $0.40 | $560 | $1,400,000 |
Yes, just1,000 dollars invested in one of the 5 above gold stocks
would have brought a return of $344,000 to $5,428,571.
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As you can see THIS GOLD BULL RUN HAS A LOT HIGHER TO GO
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