posted on
Aug 18, 2011 10:54AM
Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Message: Re: News
IMO, some of the holders may have holdings in other stocks that they are lessening their risk in today. What better place to put that extra cash, but in a gold stock that has this much potential. As someone here mentioned before, you might consider SLI as a safe haven. BOW, has done his math on a suitor paying $150 in the ground, I beleive a resonable figure for processing the gold would be around $300 per ounce. That should equate to a suitor down the road still willing to pay half that at a POG OF $500, IF GOLD FALLS, ( which I think it will never see below $1000 anymore).
Variables to look at in the present, Countries could come out of the blue at anytime and try to secure gold deposits in the ground, some of the funds may realize the POG is staying up for awhile and start taking positions in these potential juniors, plus we can get further news at anytime, building value.
IMO, I wouldn,t worry about the sp, someone may get caught with their pants down. Remember Lori,s email to us about, she said you can,t keep a hot stock down!
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