Member Info for bonker99

Bottom line - if I'm right about the Gold targets, and I'm confident, then even if Hum still manage to fumble the AISC, never mind improve it by a couple of hundred bucks (where it really should be of course and I think it magically will be c$1,300 in Q3), then the 9m cash build talked about recently could be quadrupled in short order and then you're maybe looking at half the current mcap in profit each year with exploration upside to come ...

Same with HOC too - there's a reason for that ;)

Sit on your hands peeps - let it run ...

I get it guys but Basel III kicking in on June 28th changes everything ...

I'm well versed (and physically stacked + miners) in Silver - trust me ;)

The banks have to be audited ahead of the end of June deadline to prove they have a certain amount of physical Gold - whatever paper/fake gold they try and manipulate the market with has to be backed by 85% of the physical instrument.

This entire market is leveraged paper vs physical gold scores of times over, and in silver's case, maybe hundreds of times over what metal actually exists so the race is on to stack it wide and deep.

The fact they arranged all this during a long-planned hyper inflation period says it all - banks everywhere are epicly long gold and silver like they've never been before because they can't make money from usury - negative rates are nailed-on, bond yields have been real-world negative (vs inflation) for ages already.

In the LBMA's own words - "this may cause liquidity issues when trading gold" - all the "liquidity" so far has been provided by CRIMEX via paper but the jig is up, now it's about the actual metal for the first time in a very long time indeed.

The actual physical *deliveries* of gold, not "eligible" and all the other nonsense statuses they use, over the last 12 months are record-breaking, unprecedented - this is why.

Guess what happens next - I've got c$2,350 for the first move in Q3/Q4 then $3k beyond that but this is a "cycle" I expect to run for at least two years from here so just sit on your hands and let it play out.

Morning.

It did, as did POLY, and they both ended up blue which likely speaks volumes.

@boombaby - interesting - wonder if that's in the 8 Zone where they've already had 446g/t(!!) over 4.3m :)

The existing 2m oz @ 9 g/t production resource is special already of course (13 g/t after the first couple of years of production!) but if they can delineate an additional resource with lumps of 100s g/t then it's fireworks for sure.

"One area of our 7-kilometre-long high-grade Gold Corridor that the PureGold team is particularly excited about is the “8 Zone”, which is located approximately one kilometre underground.

In terms of its geometry, the 8 Zone is wide-open, up-and-down plunge, and is characterized by very high-grade gold intercepts such as 466.0g/t gold over 4.3 metres and 342.4g/t gold over 5.5 metres.9 Some historic assays ran into the kilograms of gold per tonne of ore. We have a drill hole up-plunge (i.e., above the 8 Zone) that supports continuity of the gold system between surface and the 8 Zone.12

We believe our 8 Zone is geologically similar to the famous High Grade Zone at the Red Lake Mine Complex, which transformed the fortunes of Goldcorp in the early 2000s."

Morning.

Expecting Gold to get to c$1,830 then it'll likely take a breather - be interesting if it goes above there though - probably wise to expect crimex to drop a ton of paper at lunchtime too of course for the weekly close, they're running out of time for that game though ...

I do like a bit of after-market action ;)

Nice :)

https://pure-gold.s3.ca-central-1.amazonaws.com/PureGold-FinalCut_1.mp4

PWND

The Fed have obviously made one of their last giant gold/silver buys as they're now talking up inflation for the forseeable:

"******: Expects 'Surge' In Year Over Year Inflation Data Through Summer"

Pencil in $2,350 Gold for Q3/Q4 peeps ...

£26.00 coming here IMO - just had a few myself - Gold/Silver flying ...

$1,807 / $27.2

There's +80% on offer right here peeps, believe it or not .......

BOOM!

GOLD BOOM!!

GOLD BOOM!!!!

Topped up.

Initial Claims 498K, Exp. 538K, Last 553K

:)

It's coming - I can smell it - keep em peeled.

50p here IMO - that's my target at least.