OTCQX:GTBAF - Post by User
Comment by
touaregon Nov 18, 2019 11:31am
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Post# 30364720
RE:RE:RE:RE:Chat with Gwen
RE:RE:RE:RE:Chat with GwenI think they will pay more for a near surface massive deposit right next door to all the intrastructure needed. Highway, power lines, mining friendly district in a politically stable country. PLUS it does look quite likely the POG is on it's way north.
I went a over the top a while back suggesting $400 but I don't think $250 even $300 is being too optomistic given a rising gold price and a possible bidding war.. isn't this depost potentially every majors dream?
Though perhaps it's better to be pessimistic and get a nice surprise than be optimistic and be disappointed! allenbow wrote: While I like your numbers which as a long you cannot help but like, they are misleading. Producers in search of new deposits will only pay up to about $150 an ounce 'in situ' so that means about $4.82 a gram ‘in situ’. So in your 75,000,000 ton example, the gold in situ is 'only' worth 360 million, not 3.7 Billion.