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Developing the Historic Kenville Gold Mine in Southeastern British Columbia
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Re: demand for gold falling

in response to demand for gold falling by spense
posted on Aug 21, 09 04:15PM

Gold is up $13.40 today at $955.

Gold is being used as a store of wealth as the article stated. It was up 45 or so %.

Although the jewlery business is hurt, it is temporary. When economic markets return to normal, the demand for gold will rise again. I do believe that $1200 is not outside possiblity. As the article stated we are down about 10% for the year. We we recover that plus another 10%, we should be at around $1200. I like to see the price of gold go up as it will mean that we will get more for it when we start production.

What do you think a share should be going for when we get to full production?

I'm thinking around $4-5 should be about right. It depends if there will be a hostile takeover for say $1. Right now $1 is real tempting.

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