OTCPK:PGMFF - Post by User
Comment by
Megamisteron May 10, 2021 8:50pm
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Post# 33170959
RE:RE:RE:RE:Are We Well Enough Protected?
RE:RE:RE:RE:Are We Well Enough Protected?
Believe it was a smart (prudent?) move on Oxygen's part to "sell" its mine in Burkino Faso, Africa.
Not so sure about Endeavour being smart in buying the mine despite claims of low AISC to mine the gold there.
Over the past couple of years Burkino Faso has been in the news and not for good reason(s).
Personally, I'm not comfortable investing in riskier mining jurisdictions experiencing regional turmoil. Not saying there aren't investment gains to be made there, just not my preference to pursue.
So, for the time being.. I'm living "on the edge" investing in Ontario & Quebec based miners!!!
I, like some others, believe that Pure Gold will eventually be taken out, but not until Zone 8 is within "mining" reach and proven out further as to the size and hi-grade component of the ore body there.