Re: Gold at $1472 / johnny
in response to
by
posted on
Apr 08, 2011 12:45PM
There has to be some kind of "worth" in order to get financing. Nobody is going to invest in a company with $0 potential. A company will invest when they know there will be a return for a profit. Everyone knows that. As I stated in my other post, those figures are all hypothetical.....a guess ! "They have to get something out of the ground to be worth anything"
I dont think there is a MINING company in the world that wouldn't be worth anything unless they had a product in the ground to dig up, whether it be gold, silver, copper, tin, zinc, antimony, rare earth metals, and on and on. Companies like Silver Wheaton are not truely a mining company and are the exception, But without Silver mining companies they would not exist. JMHO of course, but a reply.