I'm not really concerned but I'd like to see gold correct to 1700 and Ric to $10.16 to retest the old all time high...Would be a very nice buying opportunity..Will it happen ? Who knows but if it does and if I have the opportunity I'd like to buy more at that level..That said, even with RIC at $12 it might very well be considered very cheap if gold trades well into the $2000 range...At these gold prices it might put RIC earnings over $1/share...At current earnings RIC could easily trade in the $20 range, and at a $1/share well into the $30's.
I don't look for a corection in Gold untill we hit $2000 - $2200 and that would be just for a short time....RIC is a Great Company with Great earnings...I'm looking to buy more shares along with GG, KGC, MFN, PXZRF, SLW, SSRI, TRX and UXG...!
I think AUQ is very undervalued. I think we get the most bang for the buck with RIC, but AUQ is compelling. I also think a hard look should be given to NGD. For more of a speculation at a lower price, GBG looks interesting.