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tacet - wow $10K/oz
I'd like to dream, but I won't hold my breath mate I think the optimists need Armageddon elsewhere to achieve it, who knows though with the biggest bunch of idiots in my memory running major economies. South china sea tensions are largely ignored here but tensions with many countries are high, loads of other risk areas also exist around the world who knows what could happen to switch the world to risk OFF mode.
A major uplift is always possible as is a slump, anything above $1800/oz is great for TSG, but this is going to be volatile, the boss of Barrick said the same yesterday, he also said he is more interested in the where the gold price settles than any spike or dip. Makes perfect sense for Barrick and TSG alike - that is the price level that determines company revenues unless they hedge.
Lets be realistic , anything over $1800/oz as a base provides for an excellent performance from TSG, the highs and lows simply give the traders a chance to fleece PI's who often react wrongly or too late.
Don't worry, it won't be long, the pull is still well above a level to justify that price, news has been against gold today, even Russia claiming a treatment for Coronavisus has eased fears. News will be good news may on one day then stitch and be bad for the SP but none of it changes the underlying proposition that the company is on the verge of a significant performance improvement.
We still don't know what the average grade of V25 or the full production potential, but all evidence is pointing to exceptional performance which I think has not yet been recognised by the market.
Still waiting for TSG to test last years 130 highs when gold was trading at $1550/oz...
Commentators have been suggesting a pull-back for a while now, to supposedly let a little air out of the bubble before the next leg up. So lets get it done, it will be short lived IMO, as the reasons for a much higher gold price is still clearly in place -
POG is going to be volatile and and so TSG will follow, the higher it goes especially in a short time the worse - remember only a week or two ago we required multiple tries at $1900/oz of gold
The point I want to make is don't react to every movement, I'm sure no one on here is as this is not really on the list of short term traders and idiots, but it's surprising (part of the problem with the market) and disappointing at times that many PI's are so nervous the sell for the slightest perceived risk.
TSG will be exceptionally profitable at anything over $1800/oz and as vein 25 starts to contribute more, profitability will soar as higher grade source material means more gold for less tonnes mined.