64M oz of unhedged gold producible at $529 per ounce. Current market price: $1662 per ounce
In other words, a ballpark estimate of $72B worth of potential gold profits in the ground.
~1.2B oz of silver in their proven and probable reserves with silver selling at $30 an ounce
In other words, $36B worth of potential silver profits. Could be far more if silver ever treturns to a more normal gold-to-silver ratio.
That is over $100B in predictable profit on gold and silver alone.
Only 813M shares outstanding. $200M more cash than debt.
You do the math. If there's a cheaper way to own gold and silver, I don't know it.
And while you wait, GG pays you higher rate than your bank.
You don't even need to consider the profits they incidentally make on copper, lead, and zinc. That's just gravy.
PS: I love shorts in my stocks. The more people shorting my stocks, the happier I am. Especially this one.
Daddy - Lex Luther has posting the same nonsense for the last 7 years. sometimes 50+ posts or per day. I am hoping he gets paid to post because the thought of someone spending that amount of time in front of a computer spewing adolescent hysteria -- obsessing about a CEO... repeatedly referencing anal sex in discussing a stock movement is behavior of a very sick person