Proposed operations at Golden Mile include an open pit mine and heap leach process taking gold to the carbon phase, after which processing the loaded carbon into gold doré utilizing the nearby Isabella Pearl ADR plant.
Lawrence Summers said that U.S. policy makers, by allowing the economy to overheat, have likely cemented inflation rates of 4% or higher, way beyond their long-term target.
There is a whole wide market out there and while the time will come to ride a big gold stock rally, that time does not yet appear imminent, continued short-term bounce or not.
Gold stocks surged higher in recent months fueled by huge gold-futures buying. But when those upside bets on gold grew excessive, heavy selling soon erupted to rebalance overall spec positioning.
