RE: Gold: The Long-Term Trend Is Up, But The Real Opportunity Now Is In Miners - Seeking Alpha9 Apr 2024 10:10
"The gold price is literally irrelevant if you have none to sell"
This is simply not true. In fact it's extremely relevant at this moment to anyone looking at Havieron with a view to purchasing. What would be the chance of someone being interested in buying and completing Hav if the gold price was $1000? Would the interest be higher if the gold price was $3000? The company becomes more valuable as the gold price increases because of what is known to be under the ground because of the potential profitability.
Your argument works more for explorers pre-discovery, but when you've got a mammoth gold mine it is not correct.