When gold price goes up, almost all gold stocks will go up but I want to be in the ones that will go up 1000% or more. I believe this is one of them.
Well even 20p won't be so bad. That's over 500% of the price now. But I believe it will go much higher than 20p.
20p or not 20p Here it comes guys. Gold could go down to $1000 dollars (not likely) and Minera IRL would get finance and do just fine because of low cash costs.
You can't say that Maxo. How can you possibly know that there is no one in the world interested in investing in what could lead to over $6 billion US in gold from Ollachea. High-grade, low-cost gold - not that many of these left in the world. And you're saying financing will never happen - that's ridiculous! Of course it will happen. If you want to question something, it's the quality of the deal that they get. That's all I worry about. But even for a crappy deal, the share price will be many multiples of what it is now.
Very little downside because of the safety nets they have and tons of upside. It's with stocks like this that you can make a lot of money.
Look at all the gold stocks on the TSX this morning. Low volume. Everyone's waiting to see if gold price is going up or will get knocked down again. In any case, Minera IRL is a low-cost gold producer.
There are also a few really good safety nets with Minera IRL which makes me comfortable buying low. Whatever money I can free up is for Minera IRL right now.
I'm excited actually. Give them a call. Courtenay's been very busy with financing negotiations. There's a lot of details to work out.
There is no tic toc tic toc. Other than from the Ollachea community who want to get going. The high-grade gold is there. The money to build will come.