RE:RE:my comments Indeed, SOME investors will look at it this way and do the proper research to come to that conclusion. However, MOST investors just want to ride the bull and will gladly jump on the bandwagon no matter the fundamentals.
Just look at all those buying BTC nowadays. They don't buy today for the same reason I bought at 400usd. And they won't sell for the same reason I sold a while back. Nowadays it's HODL'ing, good luck on that but when I see words like that being invented I sure as hell don't want to be part of it anymore. I could and probably will be wrong but we should be comfortable owning something, which I completely DO with NVO.
So to summarize, a JORC or 43-101 will be needed to push those institutions and hesitant retail investors. WIthout them, we'll miss out on our yaghts and just have to stick with the sailingboats.
GLTA, Rrooze
Rhino10 wrote: TX Forget 43-101 it simply can't happen with conglomerate hosted gold. What will happen if it is widespread a 'confidence level' will emerge for which institutions will commit.
You are completely forgetting that JORC or 43-101 are no guarantee a gold orebody can be economically mined. There are huge JORC gold resources around the world including on the Witswatersrand that will never be mined -so when a company says they have 10 millions ozs in some Wits mine do I go and buy the stock -NO. I do my research -I look to see if it hangs together and is economically mineable - and that is what your silvertail bankers should be doing -if not they will get burnt. The obsession with some standard like JORC is one reason why so many mines don't live up to expectations !
I have not read Dr Barrons blog yet but rest assured if there are good grades in large tonnages in near surface conglomerates you wont need any JORC or 43- 101 to makes a lot of money which will in turn guarantee institutional support.