Re: Drill has been moved,,,thanks for our update from the field Piets
in response to
by
posted on
Nov 20, 2007 03:49AM
15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.
It's just great to have you in the area Piets,,thanks for the update. You are our "update in the field"
Also great to hear about your relatives opinion of the gold,,,just confirms management's opinion that these mines shut down because of low gold prices.
I think many investors fail to realize that a gold mine is a finite resource. There are a finite number of years for a mine to produce, hence mine life. So responsible operators will try to extend the life and maximize profits whenever possible. Just because these mines were shut down, that does not mean they were not profitable back in 1968 when they closed. Many operators felt that it made more sense to close them until the POG recovered.
The POG has not just recovered, but now it looks like fiat currencies are collapsing world wide. Our day is approaching very soon IMO. When RMK makes their decision to return to production, I am fully confident that they will succeed. Sometimes being conservative is a good thing.
Our stock held up well this past week. We are forming a strong base around the present share price. Gold is ready for it's next run to the 900.00 level. We are ready for our next move up IMO. I'm thinking we'll hit .65 a share on the next run up,,,just my opinion,,,and that's just on present fundamentals. Good news releases,,,and there's no telling how high we'll reach. Renmark push around the corner.
The timing for RMK could not be better.