Hate to state the obvious but isn't that the case for every miner? Isn't that why they call it mining BWTFDIK,? Anyway thanks for the educational snippet it was very helpful...
RE: Re.gold review....
Hoorah! Spots Back from under his rock, I'm sure you said this a few weeks ago seems to have been holding up quite well but hey ho what do I know!
It's a shame Ortac's gold is underground and nobody is willing to fund getting it out. Reckon someone still has a lot of the placing shares they need rid of....Best to avoid this and keep your money in your pocket.
Gold has had a solid January - up close to 10% as measured by the SPDR Gold Shares ETF (GLD). It’s not unlikely territory for the yellow metal. 2014 started out in much the same way, up more than six percent that month before closing the year a few percentage points lower than where it began. Peter Schiff thinks while the start of 2015 is similar, the end will be quite different. Get the Latest Market Data and News with the Yahoo Finance App “All the Wall Street strategists are all bearish on gold. They’re bearish on gold stocks and I think instead of giving up the early rallies that happened last year, I think we’re gonna build on the gains throughout the year.” He notes that the price of gold in just about every currency but the dollar has shot up even faster this year, though he’s not completely ready to discount the precious metal’s standing here at home. “I think gold is going to go up in all currencies - it is rising faster in euros and some other currencies than it is in dollars but it’s still rising in U.S. dollars...I think it’s breaking out - now is a good time to buy….In fact this year I believe gold prices are going to hit all time record highs in just about every major currency except the U.S. Dollar. We might have to wait until 2016 before gold prices hit a record high in dollars." Schiff believes the strong dollar has no where to go but down, another catalyst for gold as the year plays out. Still, he says the biggest move in gold in dollars will come at the hands of the Fed. Related: Schiff: QE won't work in Europe just like it didn't work here “When the Fed announces QE 4, that’s gonna be a big game changer. It’s gonna catch everybody by surprise.” Schiff says such a move by the Fed would prompt China to follow in Switzerland's footsteps, depeg-ging the yuan from the dollar as the Swiss did from the euro two weeks ago. He also notes that gold and the Swiss franc have a history of mutual benefits. He believes a strong Swiss franc, un-pegged from the euro, will also aid in gold’s ascent.
Volume is climbing up slowly. OTC has currently gone through two consecutive months of 500 million share volume. Gold has move from £1140s to $1280s. OTC's life time value of both the gold mines are worth above £500 million yet the market capitalization is lowly £4.35 million. Between June 2013 and August 2013, REM went from £0.0004 to £0.024. (a 50x+ move) Something similar is about to happen here. Interesting time ahead. Get ready for the ride....
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