Between the gold price and the equity prices, a gap needs to be filled - De Jong
[EDITOR'S NOTE. Podcast is audio from video interview, which ran earlier this month.]
Steve De Jong is still waiting for equity prices to match the run up in the gold prices.
De Jong, CEO of VRIFY and chairman of Integra Resources, spoke to Kitco at the Vancovuer Resource Investment Conference last month.
"Simplistically, we can look at the gold price appreciation and the lack of equity appreciation and say there is a gap that needs to filled," said De Jong.
He notes that the last time gold was over $1,600 gold company equities were a lot higher.
"As a shareholder, I would much rather have a position in a stock that needs to catch up rather than the opposite. That said, the enviornment is a lot different than 7-10 years ago when we went through the last gold bull market.
"I don't think it is going to be that easy this time. Companies are going to have to dig deep and figure out ways to tell their stories to really differentiate themselves in the crowd."
Listen to our interview with Steve De Jong.
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