Re: Share price movement
in response to
by
posted on
Aug 23, 2020 06:28PM
Hi WB,
You could be right about that. I am by no means a big believer in conspiracy theories, but there does seem to be an effort to keep the price held down.
Updated resource estimate is probably 6-7 months away and if the pace of expansion is similiar to what we saw from 2019 to 2020 we will likely see a very nice jump in the share price. A few significant drill holes at Detour later this year might speed things up dramatically, don't think this is out of the question.
Pretty good case to be made that gold stays strong and may move much higher, combine that with 4-5 million ounce resource by February and things will look much different. My hope would be Dave and Jamie can avoid a takeout until spring of 22'. People might call it wishful thinking but I can see $6 plus if things go according to plan for a buyout at that point.
Best, NS