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Gold shares should be flying.

Gold price $1620, just matter of time POG breaks through 20p.

4 years.

That's not fair. POG's up 260% over the last 4 yeare.

3.5p or more this year.

I'm happy with them.

Nearly $800/oz, and that was 40 years ago.

$2000/oz may seem far fetched, but it's not. These is huge ammount of financial and economic uncertainty in the world. Gold prices rose nearly 800% in less than four years between Aug.1976 and Feb.1980. From around $100 /oz to nearly $800/oz.

Closed at $1611.50/oz.

The investor who paid a premium over the market price to buy 28% stake, knows more about gold mining in Russia than anybody here. He has a even bigger gold mining business in Russia than POG . In an interview he said it's a fantastic company and their POX technology will take gold mining in Russia to a new level. He might not have had a chance to buy such a big stake if the institution here were interested.

Russian investors seem to appreciate this company, but the bigger investors here seem to keep having suspicions about it. That's why it should listed in Russia too imo.

It should be listed on Moscow stock exchange as soon as possible, because clearly the bigger investors here are not paying attention to this company. It'll get much higher valuation if it has a dual listing imo.

You're probably right.

It's matter of time before the UK institutions wake up to see the value of POG.

SHG is going to be debt free during this year if I'm not wrong.

$ 1610 and the trend is upward.

Cash cow, exactly.

https://www.theguardian.com/business/2020/feb/19/the-white-swan-harbingers-of-global-economic-crisis-are-already-here

$2000/oz does look far fetched, but you never know. These are uncertain times.

"Cash costs of US$638 /oz, AISC1of US$902 /oz"

SHG is well placed to benefit from the gold rally imo.