Re: $5000 Gold ?
in response to
by
posted on
Feb 19, 2010 08:10AM
It doesn't matter if it is $10,000 gold, if they dont get financing to get it out of the ground. The window of opportunity is getting smaller and smaller. As it is, they will be drilling again this year, so production will not start till 2011 at the earliest, if, they secure enough financing to do the drilling this year! With what is going on in the economy/financial sector and geopolitical/Iran etc. etc, area, it is getting harder, not easier to get any financing deal done. I sincerely hope it happens soon so they can get to work. Don't get me wrong. I'm not a doom & gloomer. I'm a realist! I am also a faithful long, that is patiently waiting. Once in a while I just need to vent !!! The price of gold alone doesn't do a darn thing for us unless they go into production, or, if you have a few ounces of it tucked away! JMHO, koala