Hi mate, long time holder here too.
The POG is interesting at the current levels, and I personally think that it will continue its upward trend over the coming years. It may bounce around a touch but here are my reasons.
The world economy is in a precarious position, mainly due to the fact that with the governments of the world are somewhat losing the faith of the people and the current standing of peoples political beliefs and their distrust of the banking systems, it would seem to me that it is a logical thing that Gold prices will be of great importance.
The Australian economy is teetering on the edge and its foundations are being shook, this mainly due to the current political landscape, the nerves surrounding the australian property market and so much doubt over foreign ownership, not just in a commercial sense but also domestic.
The mining sector, in general, is beginning to pick up and the companies that have been laying somewhat dormant for the last 5-6 years are beginning to take a deep breath in, there is a flurry of activity in WA, projects are being planned and tendered and the coming 2-3 years will be pivotal because of the uncertainty surrounding the housing market.
I feel as though while the reserve bank will do its to try and calm everyone's nerves with a few rate cuts, due to the Royal banking commission and the looming Federal election, we may see a shift into another mining boom in the coming years.
Lithium and Gold projects are becoming increasingly popular and even our Iron Ore giants are beginning to flex their muscles once more.
If the POG does indeed stay stable and rise by years end, coupled with NML's current trajectory and progress, it could spell an interesting time for NML and its projects/SH's into late 2019 and 2020.
Lets hope they keep drilling and finding more and more, hopefully a company maker is just around the corner.
All IMO and please DYOR
