Friday, October 4, 2013
And as for Tower Hill Mines....
Just look at this chart:
So, two things to note:
1. In 2.5 Years their stock price has gone down NINETY FUCKING SEVEN PERCENT FOR THE LOVE OF CHRIST.
2. Presently their stock is at 24% of its 50DMA.
What an utterly worthless sack of shit.
Proven & probable reserves of 10 million ounces? Really? Proven and probable? Are you sure of that? Because you've collapsed down to a $30 million market cap right now. That suggests that the ten million ounces of P&P gold have no reasonable possibility of economic extraction.