Re: Market cap
in response to
by
posted on
Jul 11, 2014 11:35PM
People will buy...a ton of Juniors have some cash kicking around to carry them through 50 or 100 hole program....but thats it.
PRB has cash...and Dave can always knock out a couple of drills. If indeed they get the 4 million in Royalty...should be this year ....then pressure will be off. No need to do a financing until...they get a little lower in Cash.
AEG kept roughly 97 % of there shares from the financing.
I think they just simply need to keep infill drilling....and do some investigation on East Limb. Maybe they will hit...that would be nice.
A little bit of luck and gold is resurrecting...just look at the trade volumes in China and why are they building a smelter for 600 tons annually in the middle east?
I do believe the 3 year and recent issues in Euro Banking ( like portugal ) are going to push gold as a safe haven asset not a "hedge" against inflation.
I am confident when we start to rise above 1400-1500+...........it will continue and their will be renewed interest in the sector overall.
Probe has something a lot of Juniors don't have....good cash position 7 million ounces and equally important to the cause is location. Costs a lot less to build and run a mine when you are 10 minutes off the highway !! from the nearest town.
Ontario hasa huge 12.5 billion $ deficit...and the governemnt should pull all the stops to keep new mining initiatives moving forward. Of course, they also have a 8.9 billion $ social Welfare budget.
That being said...you can buy the anonymous data ( I have heard you can ) if you like on a monthly basis. I think companies subscribe to get it...interesting business..pay more to hide your trades and get companies to pay you to see those hidden trades. The game....is all about money...kind of like charging for storage of gold.
I wonder I wonder...who is "anonymous"...I am taking bets....but will pay in my own version of FIAT currency. My kids will take care of it...no sweat.
Till next week...
Enjoy the weekend !