Assay Results thoughtsWarren Buffett doesn't like gold.
His reasoning...the lack of utility in it. I see his point to an extent. He is a value investor and a rare metal whose main use is a store of wealth does not align with his strategy.
He is however bullish on silver. It is a sentiment shared by many as silver and base metals like copper and zinc have increasing utility as we transition into an electric society.
Silver is used extensively in the creation of EVs and Solar Panels. Electric vehicles need 25-50 grams of silver per vehicle.
While I do not see major economies ever returning to a "gold standard" and pushing the price of gold into the tens of thousands of dollars per ounce, I do forecast a significant uptick in the value of silver currently sitting at $19/oz USD.
In the last couple of assay results from Laurion we have seen good results on silver and zinc. Copper has also been noted in may holes. I think this is strategic.
The Ontario government wants to be at the forefront on the essential mineral production for the transitioning economy. They have unveiled a strategy to reduce the regulations involved in mining specific to the minerals that feed into the EV future (and present). This, I think is very positive for Laurion.