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22-07-2020, 11:01 AM
#5651
Originally Posted by jonu
As I have said before, the rising POG has been handed to us on a plate. Some rough calcs
400,000 confirmed JORC oz at ball park $1000 USD PROFIT per oz = $400 million USD
= $600 million NZD at today's exchange rate
Current Market Cap 19.5 million @ 0.7 cents
The market at some point will wake up and smell the coffee!
Always do the Maths!
Except for the MCap, that's not maths, that's dreaming.
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22-07-2020, 11:02 AM
#5652
coffee prices, gold prices. if this was a coffee stock it would be worth ? nothing much?... a coffee bean in the grinder is worth more then one in the bush? i have no idea what a bean in the grinder is actually worth...
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22-07-2020, 11:12 AM
#5653
Originally Posted by haewai
Except for the MCap, that's not maths, that's dreaming.
Thems the facts of the matter. I kinda like them.
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22-07-2020, 11:13 AM
#5654
Member
Originally Posted by Blue Horseshoe
Gold up to $1840.00 USD/Oz, NTL'S underlying assets going up every day, good job they didn't start mining three years ago.
I think Matt Hill knows exactly what he is doing, why sell an asset today when it will likely double in the not to near future. Very exciting times ahead.
Do you suspect that 3 or even 1 year ago that MH knew that a pandemic was going to hit and that POG would skyrocket. If that was the case then he should have been stockpiling the gold ready to sell when it hit the high. If he has played this game then it's a gamble with the shareholders money that hasn't as yet actually paid off.
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22-07-2020, 11:36 AM
#5655
Well we know the gold is there,maybe it's time to look at staff incentives to actually mine the stuff.A commission on actual production would be a starter.However I guess if you are picking up $400k a year why bother.
It's time for NTL to get more professional starting with a business plan!
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22-07-2020, 11:40 AM
#5656
If there's a vaccine tomorrow then the POG will drop like a stone. I believe there'll be a vaccine before any gold from this Mickey Mouse outfit gets dug up.
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22-07-2020, 11:41 AM
#5657
If you're so keen on a penny dreadful then perhaps you should 'invest' in BGI - at least you'll get something toot sweet...
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22-07-2020, 11:53 AM
#5658
Originally Posted by youngatheart
If there's a vaccine tomorrow then the POG will drop like a stone. I believe there'll be a vaccine before any gold from this Mickey Mouse outfit gets dug up.
The POG might take a temporary drop on vaccine news, but fundamentally many fiat currencies are screwed due to the nature of the debt their nations have already taken on. Confidence in currencies is shot, and a higher POG is now being priced in. Some Goldbugs are predicting 3-5k USD in the next 24 months.
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22-07-2020, 12:13 PM
#5659
Member
Originally Posted by jonu
The POG might take a temporary drop on vaccine news, but fundamentally many fiat currencies are screwed due to the nature of the debt their nations have already taken on. Confidence in currencies is shot, and a higher POG is now being priced in. Some Goldbugs are predicting 3-5k USD in the next 24 months.
ahh Jonu, I see you are back and still singing the same positive story. Dont you get exhausted trying to keep the faith.
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22-07-2020, 12:15 PM
#5660
Originally Posted by suse
ahh Jonu, I see you are back and still singing the same positive story. Dont you get exhausted trying to keep the faith.
Well the numbers just keep getting betterer and betterer suse.
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