OTCQX:CGTFF - Post by User
Post by
AltaRounderon Jul 04, 2017 5:10pm
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Post# 26433058
Asset split
Asset splitI totally agree with you reasoning with regards to CGT. I've assumed CGT doesn't have to make an election, to dilute down, or fund their 45% until a construstion decision. Having said that, do you know what happens to to split of exploration/infill costs after we diluted down to, say 15%? I assume we'd just pay 15% of all costs?
GOLD PRICING
The Gold Industries annual production numbers are now falling, and how the industry (Chinese\Majors\MidTiers) hope some shot gun investments into juniors will bail them out of a declining reserve base is beyond me. This alone will push gold prices up sooner, rather than later. In oil and gas, the playbook is to drill for reserves when prices are high and buy reserves when low. Presumably, those with a strong balance sheet should be out buying, buying, buying! There isn't enough North American mines close to production but the whole industry is gun shy after their last fiasco, hence, the junior "Hail Mary".
Oh, well. Prices should be nice and high in less than 2 years (good timing for NEV & FG) and we still have the goverment backed Chinese firms trolling about! Best is yet to come.
Cheers