The Panuco-Copala District is clearly a large-scale, long-lived district with the production profile of a major epithermal vein camp”, said Dr. Peter Megaw
It’s been two decades of pain with interim bullish flashes in gold stocks, and the herds are painfully aware. They’ve learned their lesson and now they’ll miss a coming opportunity.
The bottom line is gold stocks are still undervalued, despite their mounting upleg over this past half-year or so. Gold-stock prices remain low relative to prevailing gold levels, still under the preceding few years’ average.
On the back of a recent $3.1-million financing, a $2-million strategic investment by Vizsla Silver, and property acquisition, Prismo Metals is set to explore and deliver a busy summer of news.
"Our program confirmed the potential for high grade gold mineralization (greater than or equal to 10 g/t Au) on the Trecesson Property and further enhanced.."
Although Gold put in a bearish reversal on Friday and failed to breakout, do not expect the sector (and miners specifically) to begin a significant correction.
Gold’s own driving upleg fueling this big gold-stock surge looks far from spent. Speculators’ gold-futures positioning continues to look bullish, and investors have barely even started buying gold yet. All that is on top of gold miners..
