RE: Paddy21 Mar 2020 17:56
Hi Bunsen. If central banks and Govs around the world can create money out of thin air to create liquidity it will be easy for them, and to their advantage, to throw $billions at the paper metals markets via shorting on the comex. Eventually this manipulation will be overcome by the demand for physical metals. When this happens all well run mines making a profit today will rise in value. I will try and put a $ figure on what GGP will be worth when that happens, but it will be roughly 30% of 20% of POG in the ground. If 20mill ozs @ $2k/oz gives you approx $2.6bill just for Hav. For Newcrest this means over $5billion just for in ground gold. When they start to mine the profits will be much more, @ $2k/oz their profits will be in excess of $1k/oz. Therefore if you are looking for a miner to invest in and we find 20mil ozs and the POG goes to$2k/oz then Newcrest should be at the top of your list. I am open to correction if these figs are unacceptable to some. ATB Speedy