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Chicken yes same price as last month but also lower price than when Newmont bought its stake at 5p some 5 years ago or so. Also think that gold will hit towards 3,000 this year and double that in a few years time. Golds atm was 2,448 silver will blast through 30 dollars by year end.
All looking very good as predicted for gold. Some of the exploration companies valued at peanut prices but in 2011 1m or 2m resource was valued at between 50 to 100m per 1m ounces in some parts of the world, whereas currently lots of these now valued at 5dollars an ounce instead of 50 to 100. only a matter of time when thinks heat up goldies and silver companies will explode and thats why Seingred buying even though hes been very careful.
He knows theres good money to be made by spreading the risk.
We have all had a good opportunity to buy in cheap and other miners too.
Looks like derampers gone on holiday break atm but Im sure they will be back.
Good post Chicken agree on what you say. I think we will have at least 5 proven areas over next few years and yes we will need the raises to fund more drilling but can do it on cheap which will attract other companies interests.
Definitely gold silver in bull run now lots people saying 3,000 gold by end of year a strong possibility and 4,000 next year and maybe 6,000 2026 time will time.
Off on holiday today Majorca here Im heading to mountains on bike yearly trip so I think this week and next few there will be lots of blue days.
Omi have definitely got a strong very strong tailwind Id call it a bloody gale coming months and next years. Good luck to all.
Gold silver pull back in process.
Leemutt thank you for your advice but we will make our own decisions, so if company that bad why are you here.
Rick Rule likes a bargin have met him at mining shares meetings.
Gold getting ready for a pull back and silver too 30dollars for silver and gold gone vertical so a pull back on cards by a few hundred dollars at least. Nothing goes up in straight lines,
Short pull back then onwards and upwards for silver and gold. Still think 2535 possible this year and maybe alot more.
Definitely need to change name to Orosur Gold like dot.com companies they all flew on nothing some sold for 100s of millions and had nothing.
At least we have gold in them hills. me bhargav gunna invest in a few shovels and pans and heading out to Columbia to help brad and team do some sampling. lol
Gold 2361 atm still could hit 2535 this year and a bit more silver 28bucks heading to 30.
All looking good for this bull run.
Mr Digit, the good Dr thinks gold will be 3,000 in another 5 years. I think gold in another 5 years will be around 6,000 to 8,000 been saying it all last year if you want to check my posts. new bull in swing but there will be times when gold will pull back to previous support 2,000ish same will silver. Ask Seingred he knows. Still think 2535 is possibility this year and maybe a bit more. Also can see rates reducing.
However we cant compare Buritica and omi as they had lots more drilling done and a resource proved up as omi have not and there is loads of areas to drill, however at 9m it is cheap and there hopefully plenty of room for share price on right news to go up.
Here I go again ramping. time will tell.
Think Brad will have to raise again on good drilling but he needs to raise 6m to 10m so it will last a good length of drilling time and to support other projects.
Last 2 bull runs lasted for 5 to 10 years 1970s to 1980 gold only went up 22 times 35dollars to 850, then 2001 to 2011 200 or 300dollars . only 6 times to 1923. So if a new bull run has started then its realistic to think that gold at 5,000 or 6,000 is only 2 or 3 times from todays prices and if 8,000 to 10,000 4 or 5 times both below thwe last bull runs. However the debts mountains are huge and nobody is controlling govt debt so at some point govts will print debt away.
What you think Bhargav.