So it is really a silver / gold mine not a gold / silver mine. Higher silver will be good for ANV.
At $40 silver ANV will be a monster. Gold production cost would be halved.
ANV is very dependent on an increasing silver price since this will lower their production costs even more. Right now the golden cross-over is occurring in the silver to gold ratio. So this is a real plus. Furthermore, bear movements are usually slow and deliberate while bulls tend to run up faster. I can see ANV back to $30s by spring. I believe we can get there very quickly.
Basically, we have caused China to dump our dollar and buy gold. The dollar is going much lower near term because we just keep kicking the can down the road. A long term plan has to hashed out before China starts to look are our greenback as a safe investment. This will not happen any time soon so we are in an excellent environment for precious metals. Gold will see $1800 very soon IMHO. We are still in the nascent stages of a major run. In 1980 gold touched $800......33 years later.......its up a whopping $550 (don't mean to cherry pick to make this point).
ANV is beat up for various reasons but mainly due to negative sentiment....heck we have been in a gold bear market since mid 2011. As POG rises, ANV will use proceeds to keep buliding the mine....management is building this mine with an eye on metal prices. Once certain price levels are breached (especially silver) then they will be more comfortable in their overall plans.
Learn to read a chart there buddy. ANV will see the highest upside of any gold miner near term. $5 will become strong support. We are poised for a moonshot. $20s in a year are doable.
SVM mines in China.
Personally, I do not invest in any miners outside of CONUS. TRQ is out of the question. Lets invest in mining friendly Kyrgyzstan (Centerra)....not. Remember Crystallex....Chavez took it away. South Africa....no way Jose.
So for me ol buddy it's CONUS and nothing else. ANV is my main investment. I used to own them when they were Vista Gold...Hycroft deposit was still not well defined. ANV will be around for a long time....this is just the beginning.
I'm long you fools....just trying to shake all the idiots out...then we run. My average is $5.04...10k shares. I'm still holding the proverbial bag. Maybe I will add to my core position once it gets going. $50k is a lot of money...and I have been down almost $10k earlier. I'm not selling even if this "turd" goes back down. I'm in for the long haul....like 1 year or so.
I nibbled on PVG today at $3.55....gap is going to get filled. Really nice intercepts.
As far as near term gold we have a nice wedge forming....target is $70 upside or $1420.
Good luck to all longs.
Sentiment: Strong Buy