Waiting in departure lounge
in response to
by
posted on
Apr 30, 2011 12:18PM
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As we see jumbo jets taking flight in the beautiful weather of $1560+ gold, and Tyhee stuck at 15 cents, it suks as much as waiting for a delayed flight.
But it won't be a cancelled flight, so walking away from your ticket so you can fly with another airline may not be a good move. Ticket scalpers, like some forum participants, can only make monoey when the price moves up and down by a couple of cents. So holding steady at 15 cents is annoying for even them.
For me, with my eye on the prize of a developing gold mine submitting the key EA / Permit document in May or so, and onwards to the date we have a permit, financing, and on to the building of a mine. WOW, and fear not, the price of gold won't collapse before that, as some short-term panicky people are afriad. The US debt spiral, global currency and debt crisis, and replacement by China over the US as THE economic power virtually assures a currency crisis, inflation explosion, and most importantly, China's requirement to build up a hord of gold. For China to emerge ascenand here, they need 5 to 10 thousand tons of gold. They have less than 2 thousand now.
Some of that gold may well be produced by Tyhee gold. Of course, by then, the price of gold may be $2,600 per ounce, oil at $220, Cdn dollar (many labour and mining inputs) at $1.30 US, and the price of a loaf of bread $20 (US).
In this world, which believe is coming, Tyhee will be pulling real money out of the ground, with a cash cost of $1300 US ($1,000 Cdn).
When we pass the DAR submission benchmark, the share price should begin to recalibrate to the reduced risk and reduced uncertainly. 6 or 9 months later, when we know timelines for the permit, we'll be multi-dollar.
How it can stay at 15 or 16 cents, even now, is beyond my comprehension.
SKELEG