Hello Silverback, just please remember that is not my quote, (The Majors will pay bwtween $700 & $800 per OZ in the ground!)

that is a quote from Jay Taylor on an interview with BNN, and yes, that is what he said.

The reason I even started this thread of posts, was to justify a higher price (In my Opinion) than Chinagoldbug was referring to on Friday:

current market valuations range from $40/oz to $60/oz

But yes, I like the $150 per OZ as well, and you know that's what I always use in any of the speculative Math I've done.

I will go over those 4 takeouts this week as well, depending on what Chinagoldbug digs up, but maybe we'll look at 1 takeout per day, and average them all on the last day, and I think we'll all see that even $150 will seem quite low. But it for sure is no where close to $40 to $60, absolutely not.

Not only will $150 seem very low, but when we do the average on the last day, I'll make it very clear that the average Gold Price during all 4 takeouts was $1016, not the current price of $1700 plus.

Let me make it very clear for both boards (cause we know they read, then go slam & twist) I am never saying we will get those top dollars per OZ, but I am for sure saying the $150 per OZ that I use, is very, very, justifiable. And, the $40 - $60 that was mentioned Friday, is probably much, much too low!