Beaver Creek Resort Precious Metals SummitJust listened to the presentation Brad gave at the Precious Metals Summit in Beaver Crrek Resort, Colorado. Nothing much new but something did ring a bell. While talking about LRS and explaining the underground mining proposal, Brad stated that they now expect the permit sometime during the 1st quarter 2025! No doubt this would send traders scurrying for the exit door. Could explain why the rise, then the fall in share price as this is digested by the investment community, while metals are holding firm!
However, he also stated that they will be drilling deeper in LRS, as previous mining, around 1929, had found deeeper veins (~800m) that were never exploited as things ground to a halt in Mexico. As well, they now have over 40 concessions. All this should provide a much greater potential going forward. In addition, he stated that they are now cash flow positive (~800 thousand a month), a little late but good news nonetheless.
Here's the link for anyone interested:
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/13/gogold-resources-inc/play/stream/38927