What Seingred never says directly is that the mining stocks are massively undervalued and thats why hes here and Bhargav and rest of us. Lots are traders want to buy cheap then sell some if not all the buy back at a cheap level. others are investors will hold for 5 or 20 years. but as we have seen aim is like a casino and mining stocks aint for widows or orphans. You pays your money and takes your chances but everyone wants a winner and multi baggers but people dont like to lose cash as we have herd many times on this board.
Break you will always get a different answer from my friend Seingred. its all guess work and what is worth to one person is different to another. Also the country makes a big difference. Newmont and Agnico will have a different view if they could buy something for 10 or less dollars an ounce they would definitely do it. The board may say its worth 50 to 80 dollars an ounce but in reality it might only be worth 20dollars or less. Again it depends on value of gold too. if gold is only 1200 dollars its worth less. ATM gold is 2160ish but in my view gold will be around 2250 to 2535 within next 18months or less. Other people think gold over next five to 10 years it will be 3500 to 6000 or 8000 who knows. So it all depends on gold price at the time how many ounces the think they have and what someone is prepared to pay. Same with a house a car anything. We all have our views.
My view is gold going much higher so resource will be worth more. 2250 to 2535 is my target in next 18 months to 24 months.
Have seen interviews with Rick Rule former CEO of Sprott he said they want to buy as cheap as they can and sell for the highest price. Simple as.