This stock will fly, page-60

I don’t think it’s anything like the GFC. This is being driven by value and risk, ie the differential between interest rates (yields on US treasuries) and yields on US equity markets. It’s not due to a black swan insolvency event and/or a market liquidity crisis. It’s the commencement of a fairly orderly bear market driven by rising interest rates and the markets will find a base once the risk/reward balance is restored. Don’t forget the GFC wiped value from all stocks, including gold stocks.

I made some comments (below) yesterday on what I think the dynamics are for anyone interested.

https://hotcopper.com.au/threads/pls-chart.4419105/page-442?post_id=36921829#.XBwn7Ro_WhA

I think general market dynamics and gold price dynamics are only interesting for this stock after they prove they can make positive can flow from the mine at current levels. Then the company can be valued on a forward basis. Esh