RE:RE:RE:World's top 10 gold projectsI think you need to remember that not all ounces in the ground are the same.
Treaty Creek has enough ounces however because the grade is so low the ROI
is too long for most majors to risk executing an offer. Majors are ok with low grade deposits
provided that there is a near surface high grade pocket (2-3 million ounces) that they can mine first so that they can mitigate risk and reduce the ROI to a few years and not 10-15 years which would be the case right now at Treaty Creek. Think of it this way would you want to have to wait 10 years to pay off a billion dollar mine with gold prices notoriously mercurial? Me neither. That's why large high grade gold mines are so rare and so valuable. As a case study, look at the Macassa gold operations,owned by Kirkland Lake Gold versus KSM owned by Seabridge. Macassa is part of one of Canada’s oldest and richest systems. The Kirkland Lake Main Break system boasts production of 24 million troy ounces of gold over a span of 86 years and average historic grade of 16.5 g/t. With 22.2 g/t average gold grade reported in reserves. By comparison KSM has 40,000,000 ounces but because of it's low grade it is still not minable in the sense that neither Seabridge nor any major has decided to finance a mine at KSM despite it having been on the market for decades. By the way, large lower grade deposits are not rare. There are a lot of them out there....go check some of the projects that are still in the Barrick portfolio. Large but lower grade. Will they mine them? Only when the ROI makes sense for them to mine them and not a year earlier. My advice is to look for companies chasing 10 million ounces of high grade .Will you lose money on AMK, TUO or TUD at these levels ....likely not.....but will it go 10X from here....likely not IMO...simply put there are way better places to put your money today. A year ago I was into AMK..today I have none left....after the spinout...I sold my holdings.....I know people love posters who only provide confirmation bias (we all do)..however this is my sincere answer to your honest question
GLTA