NOVO
Off currently 6.5% today down to $7.15 off $1.40 in a week. Sept 27 Gap at $5.10? SMA 50 at $5.27?
I think Spot Gold is overpriced by $10 today.
I’m watching this close. This could be my gentleman’s entry coming up here? Cause I sure missed the boat on this one……
This could be the one that will fire the bull market in gold stocks or the one that will kill it.
I have bought it at $4 and I don’t know if is be a sage thing to add.
Plunger is convinced,if I can remember correctly, that the right thing is to close your eyes and buy.
What is incredible is also the high number of companies correlated with this discovery,I own Artemis but there are dozens on the ground in that part of Australia waiting for the “wits2” bomb.
I don’t know how valid is technical analysis with this stock.
How did you calculate fair value for spot gold?
Just a ratio from Gold Spot vs Dollar Index from Dec 16 and Jan 17. It’s worked for me all year. If it works then I use it till it doesn’t anymore….when will it not work anymore?
Current Spot = $1200US/(Dollar Index/100). So at 14:00Est FMV Spot Gold = 1200/0.9304. That worked out to be $1290US Spot was $1300US at the time.
Just want to add: I totally expect this ratio to break down when a Bull or Bear occurs. I’m basically using formula to determine overbought oversold conditions in a sideways market relative the $USD. To me there has been no rally just movement (mostly down) in the value of the $US YTD.
Is there ANY relation between Impact Silver (IPT) and Impact Minerals (IPT) ?
One on Vanc the other ASX ?? Same symbols, different exchanges.
Impact Minerals is listed on a WITS 2.0 page.
Bound to get confusing for some, if this flies.
List of Wits2 players from stateside report:
we provide a list (with the help of John Kaiser) of Wits 2.0 players who have land in the Pilbara region of Western Australia including Altura Mining $AJM.AX, Artemis Resources $ARV.AX, Boadicea Resources $BOA.AX, Castle Minerals $CDT.AX, Chalice Gold Mines $CXN, Coziron Resources $CZR.AX, Cullen Resources $CUL.AX, DeGrey Mining $DEG.AX, DGO Gold $DGO.AX, Flinders Mines $FMS.AX, Fortesque Metals $FMG.AX, Haoma Mining $HAO.AX, Impact Minerals $IPT.AX, Kaili Resources $KLR.AX, Kairos Minerals $KAI.AX, Kalamazoo Resources $KZR.AX, Lithium Australia $LIT.AX, Lithium Power International $LPI.AX, MacArthur Minerals $MMS, Metalicity Limited $MCT.AX, Millenium Minerals $MOY.AX, Novo Resources $NVO, Pilbara Minerals $PLS.AX, Pioneer Resources $PIO.AX, Platina Resources $PGM.AX, Red Hill Iron $RHI.AX, Rugby Mining $RUG, Sayona Mining $SYA.AX, Segue Resources $SEG.AX, Southern Hemisphere Mining $SUH.AX, Strategic Elements $SOR.AX, Venturex Resources $VXR.AX, Venus Metals $VMC.AX, Winmar Resources $WFE.AX, and Zenith Minerals $ZNC.AX.
http://statesidereport.com/