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Message: Gold-Stock Panic Levels///Adam Hamilton, CPA

It is almost unbelievable what has happened to both gold and silver stocks. This article pretty well tells the story...the speculative value/potential future value has been totally wrung out of their value. I think it would take a jolt into the price of gold to bring it back maybe $1800-2000 and $40 silver..it could happen. Meanwhile we await some news about earnimgs..if we could net out about $100,000 a month after overhead it would put us back into the game....but for me that is just a number...certainly probably doeable. I think our overhead is running about $500,000 annually...last year higher because of mill work,consultants etc. etc. We have no option but to wait and see...it won't be because of lack of effort. The scene is brighter over passed 6 months that's for sure. Good luck to longs. Hope gold continues upward next week.Most speculative juniors are in much worse shape than we are...and can't raise any $$ what do they do...I imagine there will be a lot of empty office space in the next year or so.

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