Gold Exploration SpendingWe for all intents and purposes are a "gold play" of sorts. ALL mining and related tech is seeing investment funds hit its doorstep in exciting amounts. ( talked about several posts ago) Equipment sales at several Ritchie Bros. sales have set records in Toronto and Edmonton. Some suggest it is because of renewed oil exploration in Canada and the USA, or infrastructure spending across the country, but actually much of that equipment is going straight to the mining world, and nearly half of the mining investment $$$$$$$$ are going to the gold industry, the highest level since 2011. As a reminder, that is the year gold prices went to $1,800 an ounce. ( chicken or the egg) Someone knows way more than you and I, we just need to put the pieces of the puzzle together. It is no coincidence exploration spending - and particularly gold exploration spending - is on the rise again. "Gold has hit its magic number meaning prices will soon pop to 2011 levels again." ( Outsider Club)
So you have heard many times " right place, right time", well we are RPRT...............
I believe we are days away from an investment announcement that will allow HM X-tract, HM X-mill, and HM X-leach move forward as they should.
Companies come to thresholds where they need to be moved on to someone with the 'wear with all" to take it to the next level. As I stated many times in past posts " it is time to pass the baton". The baton will be passed in some way, shape, or form very soon. Duane Nelson passed on Sivlermex Resources in 2012, and Greg Pendura passed on Alberta#1 in 2014. They know how, why, when, and were to do it!!!!!
"Patience little one, patience", we are close.
Then we will go back to .........the boring little company that owns 4 billion $$$$$$ worth of iron ore in Spain trading at .08 a share, ( or it will get passed on as well) but not before you get your reward ( just like you did on ETI )
Patience little one, patience!!!! We are very close!!!