What's to bet some idiot's seen that "the gold price is falling" so they're selling their BBX shares.
That's why you buy high grade gold stocks, so it doesn't matter if the POG falls. It derisks your investment.
On top of that, BBX aren't just any high grade gold stock. Their ground could well be the richest ground on the planet.
Polymetal's Voro gold-silver mine is one of only three operations in the world that can produce an ounce of gold for less than $400.
Their Reserves are 0.8Mt at a grade of
2.3 g/t! BBX will be producing at smaller volumes but our grades could easily be north of 2.3
ounces per tonne. What's our production costs per ounce going to be?
View attachment 1242564
http://www.mining.com/10-mines-still-making-good-money-if-the-gold-price-falls-50/
The stoopid seller probably hasn't seen this chart either. The POG in Brazilian currency has gone
UP in the last 6 months. BBX's production costs will be paid in Brazilian Real.
View attachment 1242582