St. Elias Mines

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The Importance of the Gold price

St. Elias Mines

over 12 years ago

I really don't think that I am going out on a limb by saying that I think that the POG will continue upwards. How high it will go is anyone's guess. At the end of the day, higher gold prices bode well for companies like SLI...

What I have been trying to present in previous posts is the possibility that gold may become a form of currency and therefore, gold demand would be greatly increased. Therefore, a company like SLI would reap the rewards of much higher gold prices when we are proving up our reserves...

I personally believe that we would get a much higher buyout price when gold is at say $2500 an oz than when it is at $1700 an oz...

Any news or rumours that look good for higher gold prices, is good news for SLI, in my opinion...

Kherson