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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.


TSX:IAU - Post by User

Post by Shermandrock1on Aug 10, 2024 5:19pm
150 Views
Post# 36173028

Let me give it a stab here folks:

Let me give it a stab here folks:In the late 50s & the 60s, folks had some downtime and the post war economy was doing pretty well. During that time, folks, most of whom participated in WWII believed that they could accomplish anything that they set their mind to notwithstanding that they had no experience or technical abilities. The "do-it-yourself" age was born. One could purchase an aircraft kit, sailboat kit or even a whole house kit. Yep, it was all the rage. I know firsthand as my father built a 30 foot sailboat in our back yard. The advertisements and the instructions suggested that the average time to completion was approximately 1 year. Nope, took 3 years to complete. Although all of the parts were there and the instructions provided guidance on how to assemble and, despite him being a Master Carpenter, things always, always took longer than anticipated. Can you imagine  how many of these types of projects were abandoned.?  When that truck arrives one cannot wait to begin assembly. For the first couple of weeks, the various related components and materials are segregated and inventoried. Once verification that all parts are received it is time to initiate construction. Time input into the project, despite attempting to maintain a normal lifestyle, is high. After a few weeks, enthusiasm tends to wane a tad. When some major components, say the hull, begins to take shape, it picks up again. Yep, ebb and flow with many ebbs. Just to reiterate, EVERYTHING is there, you just have to put it together. Logically and sequentially. Simple right? Same is true with IAUX. The components, the correct components, exist and have been assembled. Properly assembled, they will result in an operation that will generate sufficient rates of return and will benefit all of the shareholders wether Ewan & the boys like it or not. The question is "do these folks have the stick-to-it-ness, mental toughness and experience to get it done. They have to be honest with themselves and evaluate their collective abilities. If they are not the right guys for the job, time to hand the project off to someone who can. Trying and pride have no place in mining. Hope this helps.
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