Taken from CNR but applies to GGP22 Jul 2020 14:56
To put it another way - the price of gold went up $40 yesterday.. So at 2.4Moz of gold, the value of condors resources i.e gold in the ground just increased by $96M - IN ONE DAY.. yet the market cap of the company was/is only about $75M.. When your primary asset increases in value in a single day by way more than the market cap of the entire company.. something has to give.. And with gold looking to hit $2000.. Another $140 from here.. thats yet another increase of around $336M in value.. Or over 4x the market cap.. (??!!!)
As LTH's, we need to strap ourselves in here, this is going to be stratospheric..