NMG2 May 2016 13:43
As most PEA,PFS/DFS studies assume a $1250 POG then anything over that represents almost pure profit directly to the producer.
Since we are so near production now our mcap is more and more entwined with POG.
The value of our starter pits alone is rising daily.
All that copper,silver and gold...ready and waiting
If POG has legs over $1300 then it could be roller coaster time for any producer..even explorers will see a lift.
However a true health check of our sector will be when we know oil and gold have truly traded places.
Do you remember the £200m mcaps on oilies who hadn't even produced a single drop?
If Gold gets that crazy ...and it's likely to if we hit $1500 then our JORC could be right on time as we will be well into production by then...
Add all this to a Brexit,Grexit or a shaky deutschbank and we could have something quite beautiful here.
A perfect storm.
Gla